Owned by Oxford – Oxford City Council
Posted on 3rd September, 2021
Community Wealth Building seeks to prevent wealth leaving the local area by aligning the procurement and asset management practices of local institutions (also referred to as Anchors) towards financially, socially and environmentally regenerative activities within the local economy.
The Owned by Oxford project trials an approach to Community Wealth Building that marries a top-down, strategic, anchor-driven approach, with grassroots, network leadership and capacity building, driven by local organisations already embedded in voluntary and community sectors.
The project puts a particular emphasis on supporting the emergence of democratically owned, community enterprises in Oxford’s most deprived communities, but will also provide tools, templates, and learning towards a scalable approach to community wealth building for the city as a whole.