Property, Pensions, Procurement: Are councils making the most of their community’s assets?

On Tuesday 20 September 2022 we will be hosting a hybrid event titled Property, Pensions, Procurement: are councils making the most of their community’s assets?.


The event will take place at 10:00am and will last an hour.  A small invite-only audience will join us in-person as we livestream the conversation to a wider audience online. 

If you would like to express your interest to attend in-person, register your details here. Please note that this does not guarantee a place at the event – when a ticket is available, we will get in touch with further details.   

We will be discussing how local authorities can use their community’s property, pensions and procurement to improve the local economy while also involving local people in decision making. We will explore the challenges and opportunities of adapting these approaches – often called ‘community wealth building’ – to London.  

 Join us as we examine how to: 

  • Get local people involved in local governance 
  • Define, monitor and deliver social value
  • Use pensions and other financial assets to benefit residents  
  • Partner and share best practice across boroughs  

What we know so far…

Over the last decade, policymakers and activists have become increasingly interested in community wealth and asset approaches.  These approaches use local economic decisions to bring about social value, or outcomes that improve economic, social, or environmental wellbeing in addition to the day-to-day services provided by councils.

As part of these approaches, ‘anchor institutions’, like hospitals, and universities, are encouraged to spend their money locally, hire locally, and use their property and financial resources to drive sustainable development. We’re also interested in how local authorities can more meaningfully involve local people in these decisions, to ensure that they reflect the wants and needs of the community. 

Many of the well-known cases of community wealth and asset approaches have been in deindustrialised areas, like Preston, and Cleveland, in the US. However, there is now widespread interest across the political spectrum in adapting elements of these approaches to London’s unique context.

In London, governing authorities and large local employers sit closely alongside one another and, in many cases, have overlapping boundaries, posing challenges and opportunities for how local authorities get the most out of their assets.

 Speakers and further details about the event will be announced soon.