Community Wealth Building – Delivering Transformation in Scotland’s Local and Regional Economies

That the Parliament recognises the huge potential of Community Wealth Building as a practical, place-based economic development model that can help transform local and regional economies to deliver a Wellbeing Economy for Scotland; agrees that Community Wealth Building can deliver more and better jobs, business growth, community-owned assets and shorter supply chains supporting net zero ambitions; welcomes the progress made by public, private and third sectors in implementing Community Wealth Building in Scotland so far; notes that the 2021 Programme for Government and recent National Strategy for Economic Transformation confirmed plans to introduce legislation on Community Wealth Building during the current Parliamentary session; believes that this provides an important opportunity to think creatively and innovatively about the interconnections and interdependencies between the economy, environment and society, and supports plans for wide engagement on this legislation.