Socialist community plan to broaden capitol ownership
Community wealth building is a term which covers a range of approaches which "...aim at improving the ability of communities and individuals to increase asset ownership, anchor jobs locally by broadening ownership over capital, help achieve key environmental goals, expand the provision of public services and ensure local economic stability”.[1] The original model, the Cleveland Model, was developed in Cleveland, United States, however the Cleveland Model has also been developed and applied with the creation of the "Preston Model", in Preston, Lancashire.[2][3] It is a form of municipal socialism which utilises "anchor institutions", living wage expansion, community banking, public pension investment, worker ownership and municipal enterprise tied to a procurement strategy at the municipal level.[3][4][5]
^Peck, Jules (3 January 2019). "Putting Banking Back in the Hands of thePpeople - RSA". www.thersa.org. Royal Society of Arts. Retrieved 15 July 2019.
^Schaefer, Lisa. "The Preston Model of Community Wealth Building in the UK". Centre for Public Impact. Retrieved 15 July 2019.
^ abHanna, Thomas M.; Bilsborough, Joe; Guinan, Joe (2018). "The 'Preston Model' and the modern politics of municipal socialism". OpenDemocracy (12 June 2018). Retrieved 28 June 2019.
^Hopkins, Rob (16 June 2015). "The inspiring tale of the re imagining of Preston's economy". Transition Network. Retrieved 14 July 2019.
^Sheffield, Hazel (2017). "The Preston model: UK takes lessons in recovery from rust-belt Cleveland". The Guardian. No. 11 April 2017. Retrieved 28 June 2019.
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