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Community Development Alliance Scotland

Community Wealth Building through Anchor Institutions

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Places across the UK are striving to find new ways of attracting wealth, enhancing economic growth and addressing poverty. For think tank CLES, the attraction of wealth is important; but of equal importance is understanding and harnessing existing wealth for the benefit of local economies and communities. Anchor Institutions are central to the concept of community wealth building as a result of the scale of the jobs they provide, the scale of spend through procurement, their land and assets, and the fact that they are unlikely to leave that place. This publication reflects on work undertaken collaboratively in one locality (Preston).

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