Now Reading: Boosting Local Economies
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Boosting Local Economies
Community Wealth Building Bill Published
A Bill designed to create jobs and drive economic growth across Scotland by promoting investment in communities has been published.
The Community Wealth Building Bill is the first of its kind in the world.
It would require councils, National Health Service boards and other public bodies to take forward measures which boost their local economies.
These can include:
- Buying more goods and services from their local companies
- Promoting employee-owned businesses, co-operatives and social enterprises
- Helping community groups to acquire and regenerate derelict sites
- Supporting fair work practices including payment of the real Living Wage
We look forward to working with @ThomasCArthur to maximise the opportunities to support local jobs and communities through the Community Wealth Building Bill. Everyone wins when small local businesses get a fair crack at winning public contracts. pic.twitter.com/R8o1YKkSO0
— FSB Scotland (@FSB_Scotland) February 20, 2025
To create jobs and support thriving communities we want to ensure that more money spent in Scotland stays in Scotland.
INVESTMENT MINISTER TOM ARTHUR
This unique legislation will help to increase investment in local economies so that they become fairer, greener and more prosperous.
I visited Greencity Wholefoods to highlight how supporting practices such as paying the real Living Wage and being a worker’s co-operative benefits the economy and helps to address wealth inequalities.
Background
The Community Wealth Building Bill is available to view on the Scottish Parliament’s website.
