In its 2019 strategy, Clacks Council set target of local spend to 21.5% by 2022, hitting 23.4% by 2021. Fife Council went from >20% in 2010 to >40% in 10 years • Collective/sectoral pay bargaining should be expanded and included in a CWB Bill • A high-level statement in legislation could set out the first principles of CWB that CPPs should comply with (example of Land Reform Bill); also need something like the Scottish Land Commission Delivery and governance • CWB needs to be locally designed and resourced • Need more democracy in the economy – example of the Marcoro Law in Italy which gives tax incentives for workers to acquire a business and run it as a cooperative, and the California Employee Ownership Act (designed to help employees to buy a firm when its owner retires) • CWB so far driven by regional economic partnership in South of Scotland • CPPs need to be refashioned if they are to be part of CWB governance • Opportunities to measure impact – eg Ayrshire looking across the socioeconomic and environmental wellbeing indicators. • Importance of infrastructure as part of CWB eg energy, transport (such as local bus services), • Important role of third/community sector in shaping CWB. • CWB must have primacy across all policy areas, including Local Governance Review, Circular Economy Bill. • Fund community organising, not just community development Finances • NHS needs to recognise itself as an economic player - Scottish economy is embedded in institutions such as NHS. • Opportunities include local pension fund investment, eg just 1% into the local economy could raise millions (Preston’s example) • Tax law can incentivise investment in businesses • Public Contract Scotland needs to be refreshed; Quick Quote threshold should be increased • Increasing the procurement threshold would allow more scope for locally awarded quick quotes • Existing funds could be rationalised to be more impactful; need to re- plumb and re-work the existing system 4 • Preston – establishing a NW Bank; Welsh Assembly – setting up regional cooperative bank Net zero/circular economy • Circular economy can deliver elements of CWB if designed right; • SoSE horizon-scanning work into potential future value of community benefit from onshore wind. • Need a Scots energy company involving many communities owning land, to produce and distribute energy locally and to Scotland, with mechanisms such as a coordinating national network body • Climate should be added as an additional ‘pillar’ to CWB • Ownership of community renewables needs to be made easier (ownership has declined in recent years) • The community benefit of offshore renewables should mean millions of pounds going into communities.