Plugging the Leaks Making the most of every pound that enters your local economy
Agenda • Introduction • Exploring the leaky bucket • Leak plugging ideas • Irrigation • Voting on priorities • What next
Plugging the Leaks A visual tool to: • Engage people in decision-making about their local economy • Generate enterprising ideas • Mobilise people to take action
Starting Point The problem is not necessarily that too little money flows into a neighbourhood. Rather it is what consumers, public services & businesses do with that money. Too often it is spent on services with no local presence, and so immediately leaves the area.
Exploring • How £ enters your local economy. • How £ leaks out of your local economy. • What other resources are leaking out. • How can we keep more money circulating locally.
Plugging the leaks Public authority contracts opened up to local firms – Northumberland County Council est. 10% increase in local spend would generate £34 million to local economy. Local food: supplied to schools, Organic Box Scheme Bulk buying to reduce costs Using waste materials - Linking problems to solutions Tuxford pine furniture waste going into: wood burning, schools woodwork shop, horse bedding
Irrigation • Identify a major inflow of £ into the area • How can more be spent locally? • How can we make this happen • Who needs to be involved? • What support / training / funding is needed?
Clustering Problem (Leaks) Theme Ideas for Action (Plugs)