Setting your agenda, policy and strategy

Make sure the key people/stakeholders understand the principles of localising prosperity. Use case studies and evidence of the benefits to get this across.

Have you got people with local commitment involved? Consider how to include community, local business, remotely-owned business and public sector. Have you got locally owned business involved? Which local businesses show local commitment and understand their role in the place’s future? Are community groups and community development professionals involved?

Can you develop the right partnerships and strategies to ensure the benefits of economic activity reach areas of greatest need?

Are there social objectives embedded within your economic objectives so that everyone is clear this is what you aim to achieve by economic success? Is it clear how you measure success in creating a more locally-beneficial economy?

How can your strategy use its objectives to support the locally-beneficial economy?

How do other strategies (planning, business support, procurement, economic development, CSR) relate to or support the local benefits approach? Can anything be cross-pollinated to them?

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See RESO Case study for a strategic approach across sectors