Community Wealth Building is five pillars working together.
Progressive procurement is about where anchor institutions (e.g., universities, hospitals, local councils) buy from – supporting locals.
Fair employment and skills is about the quality of jobs and workforce development – living wage jobs, secure contracts, training, apprenticeships.
Democratic ownership is about who owns and controls economic activity – supporting more local ownership of various kinds – employee ownership, community trusts, social enterprises.
Community finance is about where capital comes from and whether money keeps circulating locally. Community banks, credit unions, and local investment funds help keep money in the community so it can support social goals.
Land and assets is about who controls physical assets like housing, shared spaces, and energy projects. When the community is in control, decisions and outcomes should be better for the community.
