- Partnering with Salford City Council and partners in the city in a unique community-led approach, based on the principles of co-production.
- Facilitated by Unlimited Potential, a community benefit society, with the University of Salford as the local academic partner.
- Aims to create system change for health and economic outcomes through a community wealth building approach.
- Involves practical action by anchor institutions to improve local impact of procurement, by local people and communities to build and retain their own wealth together by creating social businesses as new suppliers.
- Running from 2022 to 2024.
Salford has the fastest growing economy and population in north-west England. There are several major developments in the city, including Media City and the Salford Innovation Triangle.
However, long-term unemployment in Salford is three times higher than pre-pandemic, attainment by young people is below the national average, and there is an above average number of people with no qualifications.
In response, Salford has begun a journey of economic transformation with a range of initiatives to create a fairer, greener and healthier Salford and, through the Economies for Healthier Lives programme, aims to create a local economy that is good for people’s health and well-being.
The project takes a community wealth building approach so that communities build and retain their own wealth together. ‘Grassroots wealth building’ equips local people with the tools and information to thrive and creating pathways for them into the social economy through social business.
This is supported by practical action by ‘anchor institutions’ – public and private sector organisations that are tied to and have an important presence in Salford. Through the new Salford Local Anchors Network, their spending will benefit local communities at a city-wide level.
The impact of the project is being measured in relation to co-production of innovative local solutions, investment in the voluntary, community and social enterprise sector, number and growth of social enterprises and start-ups, and social impact.
For more information about this project, please contact: