Community wealth building action plan 15 5 Community wealth building action plan (1) Each local authority, working jointly with 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. 20 (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. (2A) The Scottish Ministers may by regulations specify further details about the format of the plan to be published under subsection (2) or the revised plan to be published under 25 section 7(3). (2B) Regulations under subsection (2A) are subject to the affirmative procedure. (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 referred to in this Act as a “community wealth building partnership”, 30 (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 generation, circulation and retention of wealth in the local economy. 35 (5) The measures referred to in subsection (4) may include— (a) using public procurement and commissioning to facilitate or support such generation, circulation and retention, (b) supporting local economic operators to access public sector contracts, (c) promoting— 40 (i) employment opportunity, (ii) workforce development, 5 Community Wealth Building (Scotland) Bill (iii) equality in the workplace, (d) diversifying ownership of land, energy or other assets by facilitating or supporting community ownership, (da) utilising common good property to provide financial, social or environmental 5 benefit to the community, including the transfer of ownership to community organisations, (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, 10 (g) promoting or supporting the development of— 1 (i) employee...