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

Policy campaign

8th February 2018
Last updated
10th November 2020
Policy issue
Co-op development
Money (£50) - illustration

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
How co-ops can play a major role in community wealth building
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