Presentation is loading. Please wait.

Presentation is loading. Please wait.

Community Wealth Building: Promoting Resilience at the Local Level

Similar presentations

Presentation on theme: "Community Wealth Building: Promoting Resilience at the Local Level"— Presentation transcript:

1 Community Wealth Building: Promoting Resilience at the Local Level
Derek Whyte Assistant Director, Economic Regeneration Preston City Council




5 What is a resilient economy?
One that is not adversely affected by an economic crisis - ie does not go into decline (Resistant) One that is adversely affected by an economic crisis but recovers to its former peak (Recovery) One that is adversely affected by an economic crisis but recovers to its past growth path (Renewal) Questions of what measure to use (GDP, employment, household income…) (Economic Crisis: Resilience of Regions – Cardiff University lead)

6 Components of resilience
Business Economic structure Sectoral diversity Export orientation Profitability and debt People Qualifications and skills Labour market flexibility Labour market adaptability Savings rate Migration patterns Community Social networks Behavioural norms Non-market economy Disposable income Place Urban structure Accessibility Natural environment Territorial characteristics Governance Complexity of cause and response Responses will be spatially different – depending on local mix and “path dependency” 6

7 Preston – location and context
Key: Cities with characteristics of Tourism/Heritage Regional Services Industrial Travel-to-work area To Glasgow M6 Ribble Valley Rail Irish Sea Blackpool M55 Burnley Preston Blackburn M65 M61 Note – brown arrows indicate direction of main travel-to-work movements To Manchester Airport To London Greater Manchester

8 Promoting Growth…through City Deal
Partnership between Preston City Council, Lancashire County Council and South Ribble Borough council – comprising: City Deal Infrastructure Delivery Programme - £ 334m – 4 major highway schemes, community infrastructure City Deal Investment Fund - £ 100m allocation from Lancashire Pension Fund for co-investment in housing and development schemes in city deal area City Deal Stewardship Board – retained HCA sale receipts (estimated at £ 37m) To unlock: 20,000+ new private sector jobs 17,420 net new homes Nearly £ 1bn in additional GVA; and £ 2.3bn in leveraged commercial investment

9 ..and Promoting Fairness
Living Wage – accreditation and promotion to local businesses Co-operative promotion – sponsorship, partnership, business support – e.g.“Simply Buyout” launch 19th November; Mondragon speaker 21st November with UCLAN New Credit Union coverage for Preston Inner East Preston Neighbourhood Plan – in train; Community Asset Transfer etc. Community Engagement work – community food production, guerrilla gardening etc. Community Wealth Building – draw inspiration from Ted Howard of the Democratic Collective/”Evergreen” Co-op Social Forum – bringing civic society together to promote/campaign on

10 STRATEGY Focus anchor institution purchasing locally
Create new community-based, co-op businesses Green Link to expanding sectors of the economy (e.g., health, aging, energy, food, waste & green technologies) Ensure financing and management to move to scale 10

11 Community Wealth Building (1)
What is an anchor institution? “Sticky capital” that doesn’t get up and leave Typically among the largest employers in most major urban areas Local economic engines: employ large numbers of people; purchase large amounts of goods & services Vested interest in surrounding communities Typically non-profit Largely untapped potential

12 Community Wealth Building (2)
Preston City Council, Lancashire County Council, Preston College, Cardinal Newman College, Lancashire Constabulary, University of Central Lancashire, Community Gateway (Housing) Association – all on board! Work with CLES for independent analysis and experience Draw on Manchester experience and FSB national report on procurement spend Action Undertake baseline supply chain analysis for each anchor (take largest 300 contracts by value) Development of collaborative vision for local benefit Actions with each anchor institution around process and practice Identification of sectors and services where there is scope to influence and derive more local economic benefit Work still in progress….

13 Benefits of Local Procurement
Local Procurement benefit to anchors: Better vendor servicing/better access to critical goods and services in crisis situation/decrease carbon footprint/lower costs Local Procurement benefit to community: Increasing local employment/ stabilizing neighbor-hoods Building a network of inter-connected vendors, purchasers, financial institutions, training and higher education

14 Emerging Findings - PCC
PCC – total procurement spend £ 14.3m 20% of spend on business activities suppliers 14% spend within Preston LAD boundary 69% of Preston spend in areas of deprivation Key gaps in business activities and manufacturing spend 29% spend in Lancashire Key gaps in business activities and other services

15 Emerging Findings – across Anchors
Relatively low levels of local spend across the institutions Commitment to the project for four reasons: To support local employment and Living Wage To think differently about procurement practice Spirit of co-operation and maximising benefit Need for new models of supply

16 Key Issues How do you define “local”? City boundary, FEA, PUA, sub-region? What do you track – spend or employment? What if a national company is a significant local provider/presence? Can you really identify local vendors if purchasers track by PO Box address and/or have multiple locations How do you build trust between the anchors? Are “gap” co-ops realistic in the UK context? Work with the grain of EU procurement rules – not as daunting as you might think

17 Next Steps Finalise baseline supply chain analysis
Identify gaps in spend and opportunities Draw together anchors and procurement specialists at a workshop (January 2014) Develop collaborative vision across anchors Tailor specific actions to each anchor. Might include: service commissioning (links to corporate priorities) procurement strategies (accessible portals, packaging, streamlining process & documentation) pre-procurement (work with local business networks, apprenticeships, local labour clauses, capacity building) Delivery (supplier networks, spend analysis & outcome monitoring, paying suppliers quickly)

18 In difficult times - a continuing role for local intervention!

Download ppt "Community Wealth Building: Promoting Resilience at the Local Level"

Similar presentations

Ads by Google