Community Wealth Fund
Help us to make it a reality: Join the Community Wealth Fund alliance
The Community Wealth Fund alliance is a group of voluntary sector organisations, independent funders and sector initiatives that are supporting the call for a new multi-billion pound national endowment to support deprived communities.
"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."
Your organisation or partnership can join the alliance here
Our proposal is that the endowment should provide long term investment (10-15 years); that local people should be in control of the spend to ensure it reflects their aspirations and creates a legacy of positive change in their areas and that appropriate support is provided to communities to build confidence and capacity.
Such a fund would require significant investment but it could be financed by the next wave of dormant assets from insurance and pension policies, bonds, stocks and shares matched with investment from our larger companies. Our aspiration is for a new, radical and ambitious partnership between government, the private sector and civil society to ensure that every community shares in the country's wealth.
We've started the process and now significantly more consultation and dialogue are needed to develop and strengthen our proposals.
Community Wealth Fund alliance reception
Podcast producer, James Peak, speaks to attendees at the Community Wealth Fund alliance reception hosted by the Calouste Gulbenkian Foundation on 16 January 2019.