community wealth building
Redbridge Council is exploring community wealth building strategies, while Islington Council continues to track progress under its existing mission.
Redbridge Council is exploring strategies for community wealth building, an approach to economic development focused on local wealth creation. In July 2026, the Regeneration and Economic Development Committee discussed its work plan, with Director of Regeneration and Growth Tom Dewey highlighting challenges like high economic inactivity. The council is developing an economic growth strategy to address these issues.
Islington Council is tracking progress under its Community Wealth Building mission. A corporate performance report for the third quarter of 2025-26, presented in April 2026 by Councillor Nick Wayne, Chair of the Corporate Resources and Economy Scrutiny Committee, showed that nearly 6,000 achievements were made under this mission.
No upcoming meetings explicitly listing community wealth building on their agenda have been supplied. Community wealth building is generally described as an economic development strategy aimed at strengthening local economies and ensuring wealth generated within a community stays there, often by prioritising local businesses and residents.
Key facts
- Redbridge Council's Regeneration and Economic Development Committee met on July 9, 2026, to discuss exploring community wealth building strategies. Source
- Islington Council's Q3 2025-26 corporate performance report, presented in April 2026, noted nearly 6,000 achievements under its Community Wealth Building mission. Source
- Tom Dewey, Redbridge's Director of Regeneration and Growth, noted in July 2026 that the borough faces a higher-than-average economic inactivity rate of 22.1%. Source
- Councillor Nick Wayne, Chair of Islington's Corporate Resources and Economy Scrutiny Committee, presented the Q3 2025-26 performance report in April 2026. Source
About this summary
This summary was written automatically from our published stories and the council meeting records they draw on. It describes what councils have discussed and decided; it does not take a view on any decision. Each key fact links to the story it comes from. Updated 15 October 2026. Spotted a mistake? Email community@opencouncil.network.