Kirklees MBC and the Centre for Local Economic Strategies (CLES) have begun work to develop a more inclusive local economy through a new approach to economic development, ‘local wealth building’.
In so doing, the council joins a progressive movement of local authorities using this approach from Barcelona and Bologna to Preston and Salford.
‘Local wealth building’ aims to reorganise the local economy so that wealth is broadly held, with local roots, and where benefits are re-circulated.
The local wealth building movement seeks to provide resilience where there is risk, local economic security where there is precariousness and to ensure opportunity, dignity and wellbeing for all.
Photo: by Richard Harvey