Community Wealth Building

Concentration of the retail and consumer services sectors in the hands of a limited number of multinational corporations sucks wealth out of local communities and into the hands of shareholders based elsewhere. So should the response be to build the local economy by supporting independent businesses based in those localities, while maximising the spend of public and other anchor institutions in their local communities? That is the approach adopted through ‘community wealth building’, often termed ‘the Preston model’. Preston is …

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