Localism Done Well: The Power of Community Wealth Building
The Urban Advisory (TUA) and WEAll Aotearoa co-published the white paper, Community Wealth Building: An equitable approach to economic development for Aotearoa New Zealand. This collaborative effort positions Community Wealth Building (CWB) as a strategy to restructure the local economy to ensure that wealth is held and reinvested back into the community, ultimately delivering greater equity, economic resilience, and community wellbeing. WEAll Aotearoa, a non-partisan 'think and do' tank, is focused on redesigning the New Zealand economy around the wellbeing of people and te taiao. The report explores the principles and practical applications of CWB in the local context, detailing the five key pillars of action and drawing on both international and New Zealand-based initiatives. The co-created paper has been launched with Local Government NZ and is included in their toolkit for councils.
The paper explores the principles of Community Wealth Building, outlines the five pillars with case studies of how it has worked internationally and in Aotearoa New Zealand, identifies common challenges, and shares what people can do to get Community Wealth Building started in their area.
The white paper was launched via webinar kindly hosted by LGNZ in July, watch here.
About Community Wealth Building
Community Wealth Building offers Aotearoa New Zealand an approach to economic development that leads to more prosperous, equitable, sustainable, and resilient local economies and communities. At its heart it puts people back at the centre of local economies. It ensures wealth generated in a local economy is held and invested back into that local economy, and puts control and benefits into the hands of local people.
Read the report here:
