Community wealth building: the role of co-operatives (Scotland)

Summary of recommendations

• Where possible local procurement strategies should give weight to businesses that demonstrate a greater sharing of wealth and power in communities
• The procurement focus should be complemented by initiatives that empower communities to identify and meet their economic aspirations, with ‘next-generation’ Business Improvement Districts incorporating best practice in community economic development
• Community wealth building pilots should include a focus on local business succession with employee buyouts as a mainstream succession route