Community Wealth Building at The City of Edinburgh Council

Overview

Community Wealth Building is a type of economic development that aims to build a fairer, stronger and more sustainable local economy that works for everyone. The Scottish Government recognises the potential benefits of Community Wealth Building and has recently introduced legislation to make sure that action is taken nationally to develop Community Wealth Building.

Organisations that have strong ties to a particular place and have a large influence on their communities, such as the City of Edinburgh Council, have an important role to play in Community Wealth Building. We want to make sure that Edinburgh feels the benefits of Community Wealth Building by taking action as an organisation, and supporting other organisations to do the same.

What is Community Wealth Building?

Community Wealth Building is a type of economic development that aims to build a fairer, stronger and more sustainable local economy that benefits the entire community. It does so by keeping wealth within the local economy and by giving local people more control over that wealth.

The approach is based on five principles:

• Spending in a way that supports local businesses, organisations and people.
• Prioritising fair employment and reducing barriers to accessing employment.
• Involving communities in the use, management and ownership of land and property.
• Supporting the development of local enterprises that benefit the community like co-operatives and social enterprises.
• Investing wealth that is created and held locally in a way that supports local people and priorities.

If you'd like to find out more about Community Wealth Building, click here to see a short introductory video. 

Why your views matter

We are developing a plan to set out our Community Wealth Building priorities and actions. We want to hear your views on whether our planned actions are right for the city, what other opportunities exist and how we can support Community Wealth Building to grow in Edinburgh.

Need a different language or format?

Please email the Interpretation and Translation Service at its@edinburgh.gov.uk quoting reference 25-1006.