Community Wealth Building Strategy
Community Wealth Building (CWB) is a new economic development approach which aims to retain wealth within the local economy and placing increased control in the hands of local people. The strategy and action plan has been tailored specifically to the needs of the Moray economy and community.
Draft Moray Community Wealth Building Strategy and Action Plan
The strategy is focused around five areas which are:
- Spending - Using public spend to deliver community benefit, fair work and build local supply chains.
- Workforce - Ensuring the workforce are in well paid jobs that benefit from an effective voice, security and flexibility.
- Inclusive Ownership - Stimulating the development and growth of locally owned enterprises that generate community wealth.
- Land and Property - Ensuring that communities maximise benefit and generate wealth from local land and property.
- Finance - Ensuring that the flows of wealth generated within the local economy works for the wellbeing of communities and businesses.
Embedding these five areas when thinking about economic development will support the development of a Wellbeing Economy within Moray.
To support the development and implementation of the Strategy a Moray Anchor Network (MAN) has been formed. The MAN consists of representatives from the public, private and third sector including Moray Council, NHS Grampian, Health and Social Care Moray, UHI Moray, Highlands and Islands Enterprise (HIE), Cairngorm National Park Authority, Crown Estate Scotland, tsiMORAY, Ekopia Resource Exchange, Moray Chamber of Commerce, and Scottish Fire and Rescue Service.
The Council and our Anchor partners need your views on the shaping of the draft strategy and its associated actions in order to ensure that the CWB strategy supports local communities, businesses, organisations and individuals.
So let us know your views by taking part sending us an email on CWBuildingStrategy@moray.gov.uk
The consultation period will be open from 21st June and 2nd August 2023.
When sending us your feedback we would be keen to hear your views on the following points:
- What are your views on the objectives and actions underpinning the following Community Wealth Building principals?
- Do you think that any of these objectives / actions should be removed or changed?
- Are there any objectives / actions that you think should be included that are currently missing?
- Do you have any other comments regarding the strategy as a whole?
Thanks for your support and we look forward to receiving your feedback!