Community Wealth Fund
Strong resourceful communities: The case for a Community Wealth Fund
Supported by an alliance of funders and voluntary sector organisations, Strong resourceful communities: The case for a Community Wealth Fund is based on research and a range of conversations that reveal remarkable common ground on how billions of pounds could be released to local communities. It goes further than previous proposals in suggesting a radical and ambitious partnership between government, the private sector and civil society.
"How can we bridge divides and address the feeling of being 'left behind'? Our proposal envisages the creation of a Community Wealth Fund, providing long term, patient investment in support of place-led change - a fund to create opportunity and unlock the power of communities."
The Proposal for a Community Wealth Fund has been supported by the Church Urban Fund, Barrow Cadbury Trust, Paul Hamlyn Foundation, Lloyds Bank Foundation for England and Wales, The City of London Corporation’s charitable funder, City Bridge Trust, Local Trust and NCVO. It is based on consultation with Locality, UK Community Foundations, Social Enterprise UK, Co-operatives UK, Charity Finance Group, Access – The Foundation for Social Investment, London Funders Group and the London Communities Commission, Small Charities Coalition, Clarion Housing Group, Voice4Change, the Calouste Gulbenkian Foundation and The Panel for the Civil Society Futures Inquiry.
We see this proposal as the start of a process. Significantly more consultation and dialogue are needed across the charitable, voluntary and community sector, and with the public and private sectors, in order to develop and strengthen the idea.
Your organisation or partnership can join the Alliance here
Read more from Dan Gregory, the author of Strong, resourceful communities: The case for a Community Wealth Fund, in his blog.
Full report Download summary