Scotland Passes World First Community Wealth Building Act
Scotland has made history by becoming the first nation to enshrine community wealth building into law, placing social enterprises and cooperative businesses at the heart of its economic future. The Community Wealth Building (Scotland) Act 2026, passed in February and enacted in March, represents a fundamental shift in how the country approaches economic development amid global crises of inequality, climate change and social fragmentation. A New Economic Framework Takes Root The groundbreaking legislation requires every Scottish local authority to create and implement Community Wealth Building Action Plans, transforming what was once an optional progressive initiative into mandatory economic policy. This…
