Community wealth building is a term which covers a range of approaches which "...aim at improving the ability of communities and individuals to increase asset ownership, anchor jobs locally by broadening ownership over capital, help achieve key environmental goals, expand the provision of public services and ensure local economic stability”. The original model, the Cleveland Model, was developed in

Cleveland Cleveland ( ), officially the City of Cleveland, is a city in the U.S. state of Ohio and the county seat of Cuyahoga County. Located in the northeastern part of the state, it is situated along the southern shore of Lake Erie, across the U ...

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, however the Cleveland Model has also been developed and applied with the creation of the "Preston Model", in

Preston Preston is a place name, surname and given name that may refer to: Places England *Preston, Lancashire, an urban settlement **The City of Preston, Lancashire, a borough and non-metropolitan district which contains the settlement **County Boro ...

Lancashire Lancashire ( , ; abbreviated Lancs) is the name of a Historic counties of England, historic county, Ceremonial County, ceremonial county, and non-metropolitan county in North West England. The boundaries of these three areas differ significa ...

Preston Model

The Preston Model is an approach to community wealth building pioneered by Preston City Council,

England England is a country that is part of the United Kingdom. It shares land borders with Wales to its west and Scotland to its north. The Irish Sea lies northwest and the Celtic Sea to the southwest. It is separated from continental Europe ...

. It is a form of municipal socialism which utilises anchor institutions, living wage expansion, community banking, public pension investment, worker ownership and municipal enterprise tied to a procurement strategy at the municipal level. It is based on projects developed in Cleveland, Ohio and Mondragon, Spain. Councillor Matt Brown, originally Executive Member for Social Justice, Inclusion and Policy, played a key role in developing the model with his colleague Councillor Martyn Rawlinson, working in conjunction with the Centre for Local Economic Strategies. The first issue they tackled in 2012-2013 was to localise their procurement spend in Preston and the surrounding county of Lancashire. Former

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John McDonnell John Martin McDonnell (born 8 September 1951) is a British politician who served as Shadow Chancellor of the Exchequer from 2015 to 2020. A member of the Labour Party, he has been Member of Parliament (MP) for Hayes and Harlington since 1997. ...

was a vocal supporter of the project during his time on the frontbenches.

Criticism

The plan has been criticised by some members of Preston City Council. The leader of the council Liberal Democrat group described it as a 'marketing gimmick' that has not had a substantial effect on the local area, and that locals are not interested in project. Critics have also pointed out Preston relies heavily on multi-national companies for employment, and that local procurement isn't the answer to everything, despite being a useful tool.

References

External links

''FarmShare: Blockchain Community-Supported Agriculture''
Political terminology Politics of Lancashire {{Poli-term-stub

Preston Model

Criticism

See also

References

External links