NORTH Ayrshire Council has become the first local authority in Scotland to adopt a “radical’ economic model for now and post COVID-19.

The council launched its Community Wealth Building (CWB) strategy last Thursday which aims to “tackle inequalities” and create an “inclusive economy” leading to prosperity for all in the area.

The CWB approach encourages ‘anchor’ organisations such as colleges, universities, hospitals and housing associations to buy goods and services from local suppliers, and promotes community ownership with the hope that wealth generated in the area stays in the area.

Leader of North Ayrshire Council, Councillor Joe Cullinane, said: “The world is already experiencing a major recession and we know that local businesses and communities are already being majorly impacted by this global health and economic crisis.

“The North Ayrshire economy – despite some strengths – was fragile even before the current crisis, with levels of unemployment, poverty and inequality well above the Scottish average.

“We’ll feel the impact of this economic shock for some time and it is important we start thinking about our economic recovery at this early stage to support our business base to rebuild, support communities into jobs and enhance local wellbeing.

“As we emerge from COVID-19 we need to build an economy that is strong, resilient and fair.

“That is why we have launched our CWB strategy to put forward a new economic model to support our recovery.

“CWB is about working in partnership with communities and businesses to build a strong local economy which supports fair work, encourages local spend and uses the land and property we own for the common good so that wealth stays local.

“The current approach to the economy has left behind certain places and people and we must ensure that we have a recovery that is inclusive and tackles current inequalities.

“We also need to create an economy that is more resilient and sustainable, and ensure North Ayrshire is ready to deal with future challenges, including the Climate Emergency.”

The full strategy can be viewed by visiting


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