The Community Wealth Fund alliance is a group of public, private and voluntary sector organisations and initiatives that are supporting the call for a new multi-billion pound national endowment to support deprived communities.
Our proposal is:
- the endowment should provide long term investment (10-15 years)
- 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
- 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.
How can we bridge divides and address the feeling of being ‘left behind’?
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.