Issue - meetings

Consideration was given to the report of the Borough Solicitor as contained on pages 235 – 237 of the Book of Reports on the establishment of a Community Wealth Building Cabinet Working Group.

RESOLVED  A.      That a Community Wealth Building Cabinet Working Group be established with the following Terms of Reference:

i)    To contribute to (when appropriate) and consider the outcomes of the study being commissioned through Lancashire  Leaders, which will explore the principles of the 'Preston Model' and how it could potentially be scaled up across Lancashire, as well as exploring other social value good practice, and how it could be applied to West Lancashire

ii)  To consider the development of a strategic approach to community wealth building in West Lancashire

iii) To commission research and gather evidence on barriers     to Community Wealth Building as required

iv) To recommend to Cabinet/Council whether the council should develop a Community Wealth Building Strategy

v)  To consider the role of other local organisations in developing community wealth building initiatives.

                   B.      The Leader advised that the composition of the Working Group would be made up of 4 Labour, 2 Conservative and one Our West Lancashire, with Councillor R Cooper as Chairman and the Vice-Chairman to be appointed at the first meeting.

                        C.     That funding from the Major Projects Reserve to the value of £15,000 be agreed to cover the costs of servicing and supporting the work of the Community Wealth Building Cabinet Working Group.