Join the alliance
The Community Wealth Fund Alliance (CWFA) is a group of over 180, mostly civil society, organisations calling for the establishment of a Community Wealth Fund to invest in the most ‘left behind’ neighbourhoods across England. Research suggests that there is an urgent need for funding to improve social and civic infrastructure in these neighbourhoods and their connectivity to economic opportunities in the wider area. A Community Wealth Fund could provide this vital funding.
We are asking government to dedicate the next wave of dormant assets coming on stream (from bonds, stocks, shares, insurance and pension funds), estimated as valuing £2bn, to the Fund. This might be matched by FTSE 350 companies to create a £4bn Fund.
The Community Wealth Fund would be a new permanent endowment with distribution guided by the following principles:
- provision of long-term funding (10 -15 years)
- investment at the hyper-local level (directly to communities of c.3,000 – 10,000 residents)
- resident-led decision making
- appropriate support provided to build community confidence and capacity.
Distribution along these lines would support the development of economic and social capital in these areas whilst giving power back to individuals within communities who have felt disenfranchised.
Put your name to this proposal and join the growing number of alliance members helping to make the Community Wealth Fund a reality. Together we can convince the Government to invest in the future of our communities.
If you would like to get more involved in the campaign, contact Rob Day at firstname.lastname@example.org to find out how you can become a Community Wealth Fund Champion.