Preston Model

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The Preston Model is an approach to community wealth building pioneered by Preston City Council, Lancashire, England.[1] It is a form of municipal socialism which utilises anchor institutions, living wage expansion, community banking, public pension investment, worker ownership and municipal enterprise tied to a procurement strategy at the municipal level.[1] It has in turn built on the experience of the Cleveland Model, developed in Cleveland, Ohio.[2] Councillor Matt Brown, originally Executive Member for Social Justice, Inclusion and Policy, played a key role in developing the model with his colleague Councillor Martyn Rawlinson, working in conjunction with the Centre for Local Economic Strategies. The first issue they tackled in 2012-2013 was to localise their procurement spend in Preston and the surrounding county of Lancashire.[3]


References[edit]

  1. ^ a b Hanna, Thomas M.; Bilsborough, Joe; Guinan, Joe (2018). "The 'Preston Model' and the modern politics of municipal socialism". openDemocracy (12 June 2018). Retrieved 28 June 2019.
  2. ^ Sheffield, Hazel (2017). "The Preston model: UK takes lessons in recovery from rust-belt Cleveland" (11 April 2017). The Guardian. Retrieved 28 June 2019.
  3. ^ Hopkins, Rob (16 June 2015). "The inspiring tale of the re imagining of Preston's economy". Transition Network. Transition Network. Retrieved 14 July 2019.