THE City of Edinburgh Council is currently redeveloping its approach to local economies – and is asking third sector organisations for help.
A new plan is being made for the city’s Community Wealth Building (CWB), which involves making a fairer economy for everyone.
The council is planning a series of events to gather views on this topic, which will discuss how to support the creation and retention of wealth in local economies.
It also involves keeping profits local, and putting “people and planet over profit”.
The council posted online about the scheme yesterday, writing: “Are you a community or third sector organisation based in Edinburgh?
“Come and give your views on how we can use Community Wealth Building to support poverty prevention in the city.
“Book a place for Thursday 26 June 10am at Capital Credit Union, Broughton House.”
The council is also holding a later event on the same day for its public sector partners from 2:30pm-4:30pm, as well as one for local business and private sector partners on 17 July.
The Edinburgh and South East of Scotland City Region Deal (ESES CRD) is a £1.5bn investment from the UK and Scottish Governments for accelerating growth in East Lothian, Edinburgh, Fife, Midlothian, Scottish Borders and West Lothian.
Part of the deal involves CWB, which is said to prioritise wellbeing and inward investment for communities.
The council is looking to discuss how it can use CWB to support the Scottish capital, as well as assessing what opportunities exist for all sectors.
Its aims are to build a “fairer Edinburgh” by promoting plural ownership of the economy and giving local businesses more financial power
