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Decision Maker: Executive Councillor for Community Wealth Building and Community Safety
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
To approve the Community Wealth Building Strategy.
Matter for Decision
The Officer’s report presented the Council’s Community
Wealth Building strategy for approval, which aims to address poverty and
inequality in Cambridge and help create a more sustainable and inclusive
economy. The Community Wealth Building Strategy represented an evolution of the
Council’s approach to these issues and it would replace the Anti-Poverty
Strategy from April 2024 onwards.
Decision of Executive Councillor for Community Wealth
Building and Community Safety
Approved the Community Wealth Building Strategy.
Reason for the Decision
As set out in the Officer’s report.
Any Alternative Options Considered and Rejected
Not applicable.
Scrutiny Considerations
The Committee received a report from the Strategy and
Partnerships Manager.
The Strategy and Partnerships Manager said the following in
response to Members’ questions:
i.
As part of its Community Wealth Building work,
the Council would explore progressive procurement approaches, which could
include increasing opportunities for different types of businesses to access
the Council’s supply chain, including
community led co-operatives and other non-traditional business models.
ii.
Officers actively involved stakeholders in the
development of the strategy. For example, two interactive stakeholder workshops
were held in November and December 2023 at the Guildhall and the Meadows, which
were attended by nineteen community and voluntary organisations, business
bodies and public sector partner. Attendees were based on partners the City
Council knew were working on relevant areas so could contribute to the
community wealth building discussion.
iii.
The Community Wealth Building Strategy approach
included a focus on building the six capitals identified by the Bennett
Institute for Public Policy at the University of Cambridge, including natural
capital and social capital. Referred to agenda page 256. Officers took advice
on how to quantify and measure these capitals so they could be reported on in
future. Referred to section 3 plus Appendices A and B in the Officer’s report.
It may be possible to set targets to be reported in future setting out progress
made between ‘current’ and ‘past’ positions.
The Committee unanimously resolved to endorse the
recommendation.
The
Executive Councillor approved the recommendation.
Conflicts
of Interest Declared by the Executive Councillor (and any Dispensations
Granted)
No
conflicts of interest were declared by the Executive Councillor.
Publication date: 15/11/2024
Date of decision: 21/03/2024