Introduction

What is the purpose of this practice note?

This short practice note sets out what Community Wealth Building (CWB) is and how its principles can be used to add value to the £5 billion investment in the City Region & Regional Growth Deals programme.

The first thing to say is that many of the things that make up CWB are not new. Many of the principles may already in place, but perhaps not drawn together. More than anything it’s a technique or approach as to how you do economic and place development and business, including who you do it with and what for. Inevitably as with any ‘new’ thing there is a degree of professional language that’s built up around it. This note aims to make it more accessible.