Community wealth building is an approach to economic development. It focuses on ensuring that economic wealth is generated, circulated and retained in local communities.
The Bill, as introduced by the Scottish Government, would instruct Ministers to publish a community wealth building statement. This would set out the measures they intend to take in relation to community wealth building.
Ministers must also publish guidance on community wealth building.
Under the proposals in the Bill, each local authority would need to work with certain public bodies (such as health boards) in their areas to publish a community wealth building action plan for that area.
Local authorities and public bodies must implement any measures set out in those action plans.
As with all Bills, the Finance and Public Administration Committee invites written evidence on the estimated financial implications of the Bill as set out in its accompanying Financial Memorandum (FM).
Read the FM for this Bill: Financial Memorandum.
The Committee has launched a call for views on the Financial Memorandum of the Bill. The closing date for submissions is Friday 23 May 2025.
You can submit your views to the Committee on Citizen Space.