So what’s all the fuss?
You may be sitting thinking, this seems familiar and common sense. And it is. However, the important thing about CWB is that you bring these considerations front and centre of all economic practice. By themselves each of the five principles set out above will help local people, local economies and local democracy. But if you do all five of them consistently you really can maximise your impact.
And then imagine what could happen if all the anchor organisations – the council, the college, the health board and local business – got together and did all of this together. Suddenly you have a much more powerful voice, a lot of wealth, and much bigger influence to build and retain community wealth.
And that’s what CWB is all about.