Community wealth building statement 1 Community wealth building statement (1) The Scottish Ministers must prepare a community wealth building statement. (2) The community wealth building statement must set out the measures that the Scottish 10 Ministers are taking or intend to take to— 1 (a) reduce economic and wealth inequality between individuals and communities in and across Scotland, and (b) support economic growth in and across Scotland, by facilitating and supporting the generation, circulation and retention of wealth in local 15 and regional economies. (3) The measures may include— (a) using public procurement to facilitate or support such generation, circulation and retention, (b) promoting— 20 (i) employment opportunity, (ii) workforce development, (iii) equality in the workplace, (c) diversifying ownership of land or other assets by facilitating or supporting community ownership, 25 (d) bringing vacant and derelict land back into use in a way that provides financial, social or environmental benefit to the community, (e) encouraging local business start-ups or entrepreneurship, SP Bill 62 Session 6 (2025) 2 Community Wealth Building (Scotland) Bill (f) promoting or supporting the development of employee-owned businesses, co-operatives or social enterprises, (g) such other measures as the Scottish Ministers consider appropriate. (4) In preparing the community wealth building statement, the Scottish Ministers must— 5 (a) publish a draft statement, (b) consult with such persons as they consider appropriate. 2 Publication and laying of statement (1) The Scottish Ministers must— (a) publish the community wealth building statement in such manner as they consider 10 appropriate, and 1 (b) lay a copy of the statement before the Scottish Parliament. (2) Subsection (1) must be complied with within the period of 18 months beginning with the day on which this section comes into force. (3) As soon as reasonably practicable after complying with subsection (1), the Scottish 15 Ministers must— (a) prepare and publish, in such manner as they consider appropriate, a report setting out— (i) the consultation process undertaken in order to comply with section 1(4)(b), and 20 (ii) the ways in which, in preparing the community wealth building statement, they have taken account of views expressed...