Community Wealth Building - Good Practice - Our work - Scottish Land Commission (2024)

Our guidance on community wealth building sets out practical actions that public bodies can take to use and manage land productively and in the public interest.

Community wealth building (CWB) is a people-centred approach to local economic development, which redirects wealth back into the local economy, and places control and benefits of assets and resources into the hands of local people. Putting people at the centre of our local economies is at the heart of community wealth building: making sure that control of assets and resources, and the benefits they bring, are in the hands of the local people can help keep the wealth generated in the local economy – creating a fairer, greener, and more equal Scotland that empowers communities to bring about positive changes.

How we own, manage, and use our land is key to community wealth building and forms one of five pillars of the CWB approach:spending, inclusive ownership, fair work, finance, and land andproperty.

Community Wealth Building - Good Practice - Our work - Scottish Land Commission (1)

These pillars help organisations to understand the changes they can make to build a strong local economy that works for everyone. Our guidance deals with the 'land and property' pillar.

Underpinned by the Scottish Land Rights and Responsibilities Statement, the land and property pillar is about owning and managing land and buildings in a socially just way that grows the social, financial, environmental and economic value that local communities gain from the assets.

Our guidance for public bodies that own, manage, use, and influence the use of, land and buildings in Scotland, along with our case studies and list of useful resources and references, helps organisations to take actions that support community wealth building.

Case Studies

The case studies below demonstrate good practice in relation to the areas for action identified in the Community Wealth Building and Land guidance:

a) Supporting net-zero ambitions and sustainable development: Taking and implementing decisions, use and management in ways that promote good stewardship

b) Positive management of land and assets: Proactively managing your estate

c) Productive re-use of land and buildings: Proactively addressing vacant and derelict land

d) Collaboration and partnership: Engaging with your community and involving others in decisions about land and buildings

e) Supporting economic growth and community aspirations: Promoting and enabling diversified ownership and management of land and buildings, including community ownership


f) Sharing information: Being open and transparent about land and buildings and about decision-making processes and plans.

Community Wealth Building - Good Practice - Our work


 - Scottish Land Commission (2024)

FAQs

What are the 5 pillars of community wealth building in Scotland? ›

How we own, manage, and use our land is key to community wealth building and forms one of five pillars of the CWB approach: spending, inclusive ownership, fair work, finance, and land and property.

What is the community wealth building approach? ›

Community wealth building is a new people-centred approach to local economic development, which redirects wealth back into the local economy, and places control and benefits into the hands of local people.

Who is the Community Wealth Building Minister in Scotland? ›

Tom Arthur was appointed as for Minister for Community Wealth and Public Finance in March 2023.

What are the community wealth building models? ›

1 Community wealth-building models are a path to protect local land and real estate assets for community benefit, reduce individuals' cost burdens, and ensure that community members get a share of the economic benefits that neighborhood transitions bring.

What are the three rules of wealth building? ›

With patience, discipline, and a clear vision of your goals, you can achieve financial success and build wealth over the long term.

What are the 5 pillars of wealth? ›

These five pillars are: earning, saving, investing, budgeting, and protecting. The first pillar of wealth is earning. To build wealth, you need to have a steady stream of income. The more you earn, the more you have to put towards savings, investments, and debt repayment.

What are the 4 stages of building wealth? ›

Barbara Stanny describes the four stages of wealth as Survival, Stability, Wealth, and Affluence. Based on thousands of hours as both a client and a counselor in the money coaching process, here is my understanding of each stage.

What is an example of community wealth? ›

Community wealth is the collective assets - social, intellectual, cultural, financial, etc. - that a community owns or controls that enable the community to care for one another and the natural environment. Some examples include worker-owned cooperatives, community-owned housing and locally-owned credit unions.

What is community wealth building and why is it so important? ›

Community wealth building increases the local economic multiplier effect by reinvesting and maximizing dollars within a community, improving economic conditions and producing other public benefits.

What is the community wealth bill in Scotland? ›

According to the Scottish Government, “CWB is an approach designed to tackle long-standing economic challenges and transform Scotland's local and regional economies by considering the ways in which the public sector, in partnership with the private, third and community sectors, can ensure more wealth is generated, ...

What are the benefits of community wealth building? ›

Community wealth building promotes the progressive procurement of goods and services, as this spending power can be a means through which greater economic, social and environmental benefits can be achieved.

What is the Preston model? ›

By drawing on learning from community wealth building activities taking place in the UK and beyond, Preston decided to challenge trickle down economics and instead harness the potential of its existing wealth within local public bodies, or anchor institutions.

What are the 4 areas of wealth? ›

When I say wealthy, I mean wealthy in health, time, love and money. Money is a byproduct of solid time, love, and health investments. Until you have invested well in all of those areas, the money will not come.

What is the biggest wealth building tool? ›

Your income is your most important wealth-building tool. And when your money is tied up in monthly debt payments, you're working hard to make everyone else rich.”

What are the five principles of community development? ›

Community development involves the principles of sustainable development, empowerment, inclusivity, social justice, human rights, participative democracy, and equality.

What are the community development principles Scotland? ›

Self-determination - people and communities have the right to make their own choices and decisions. Empowerment - people should be able to control and use their own assets and means to influence. Collective action - coming together in groups or organisations strengthens peoples' voices.

What do the 5 pillars stand for? ›

The five pillars – the declaration of faith (shahada), prayer (salah), alms-giving (zakat), fasting (sawm) and pilgrimage (hajj) – constitute the basic norms of Islamic practice. They are accepted by Muslims globally irrespective of ethnic, regional or sectarian differences.

What are the 5 pillars and what do they mean? ›

The Five Pillars are Shahada (profession of faith), Salah (prayer), Zakat (almsgiving), Sawm (fasting), and Hajj (pilgrimage). Each Muslim is expected to fulfill each of these duties providing that they are physically able.

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