Community wealth building action plan 10 5 Community wealth building action plan 1 (1) Each local authority and the relevant public bodies relating to it must prepare a community wealth building action plan for the area of the local authority in question within the period of 3 years beginning with the day on which this section comes into force. 15 (2) Each local authority must publish the community wealth building action plan prepared in accordance with subsection (1) as soon as reasonably practicable following its preparation. (3) In relation to the functions conferred on them by this Act— (a) a local authority and the relevant public bodies relating to it are collectively 20 referred to in this Act as a “community wealth building partnership”, (b) a local authority and each relevant public body relating to it are individually referred to in this Act as a “community wealth building partner”. (4) A community wealth building action plan must set out the measures the community wealth building partnership is taking, or intends to take, to facilitate and support the 25 generation, circulation and retention of wealth in the local economy. (5) The measures referred to in subsection (4) may include— (a) using public procurement to facilitate or support such generation, circulation and retention, (b) supporting local economic operators to access public sector contracts, 30 (c) promoting— (i) employment opportunity, (ii) workforce development, (iii) equality in the workplace, (d) diversifying ownership of land or other assets by facilitating or supporting 35 community ownership, (e) bringing vacant and derelict land back into use in a way that provides financial, social or environmental benefit to the community, (f) encouraging local business start-ups or entrepreneurship, (g) promoting or supporting the development of employee-owned businesses, 40 co-operatives or social enterprises, 4 Community Wealth Building (Scotland) Bill (h) such other measures as the community wealth building partnership considers appropriate. (6) In contributing to the preparation of a community wealth building action plan, a local authority must consult— 5 (a) such persons as it considers likely to be directly affected by the community wealth building action plan, and (b) such other persons as it considers appropriate. (7) In preparing a community wealth building action plan, a community wealth building partnership must have due regard to guidance issued under section 9(1)(a). 10 (8) In this section and in section 6, “relevant public bodies” in relation to a local authority 1 are— (a) the board of management of a regional college designated by order under section 7A of the Further and Higher Education (Scotland) Act 2005 which is situated wholly or partly in the area of the local authority, 15 (b) a Health Board constituted under section 2(1)(a) of the National Health Service (Scotland) Act 1978 whose area includes, or is the same as, the area of the local authority, (c) Scottish Enterprise, (d) South of Scotland Enterprise where all or part of the area of the local authority 20 is within the South of Scotland as defined by section 21 of the South of Scotland Enterprise Act 2019, (e) Highlands and Islands Enterprise where the area within which, or in relation to which, it exercises functions in accordance with section 21(1) of the Enterprise and New...