Wealth Building

Boosting Community Wealth Building – a Labour Success Story

Labour have led the way with Community Wealth Building, the City of Preston has been completely transformed by an innovative Labour council. This pioneering grassroots approach is a way of tackling inequality by ensuring the economic development of a place is shared more equally among its residents. A Labour council in West Oxfordshire will work creatively within our communities to ensure positive growth and stability for the many.

Community wealth building offers an opportunity for local people to take back control, to ensure that the benefits of local growth are invested in their local areas and are used to support investment in productive economic activities. It encourages people and their local institutions to work together on an agenda of shared benefit.

Community Wealth Building goes hand in hand with devolution and is a perfect counter to austerity.

Read more about The Preston Model and Labour’s success at Preston City Council:

https://www.preston.gov.uk/thecouncil/the-preston-model/preston-model/

Our Wealth Building Pledge

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