2. Parkend Development Initiative
The Economics of Happiness
'Going local' is a powerful strategy to help
repair our fractured world – our
ecosystems, our societies and our selves.
Far from the old institutions of power,
people are starting to forge a very different
future...
3. Parkend Development Initiative
People-Centered Local Economies
Means:
- People at the centre of local development
- Business investing in community
- Local food, energy, resource, manufacture
- Those in greatest need have first priority
Link: People-Centered Economic Development
4. Parkend Development Initiative
The Parish and Community Plan
Identify what local people want to keep/change
Consultation process
Questionnaire
Priority for local authority development
Link: :Parkend and Whitecroft website
5. Parkend Development Initiative
Community Plan Consultation Form
What’s good about living here?
What could be improved?
What don’t you like? How do you see the future?
Link: People-Centered Economic Development
6. Parkend Development Initiative
Hyperlocal information
Ongoing discussion
Changed conditions and new concerns
Who’s doing what?
Where can I find a service?
Where can I get help?
Link: People-Centered Economic Development
8. Parkend Development Initiative
Localisation: The Localism Bill
new freedoms and flexibilities for local government
new rights and powers for communities and individuals
reform to make the planning system more democratic
and more effective
reform to ensure that decisions about housing are taken
locally
9. Parkend Development Initiative
New freedoms and flexibilities for local government
The Bill will:
-give local authorities everywhere the formal legal ability and greater
confidence to get on with the job of responding to what local people want
-cut red tape to enable councillors everywhere to play a full and active part
in local life without fear of legal challenge
-encourage a new generation of powerful leaders with the potential to
raise the profile of English cities, strengthen local democracy and boost
economic growth
- reform the governance of London so that more power lies in the hands of
elected representatives who are democratically accountable to London’s
citizens
10. Parkend Development Initiative
New rights and powers for local communities
The Bill will:
-make it easier for local people to take over the amenities they love and
keep them part of local life
-ensure that local social enterprises, volunteers and community groups
with a bright idea for improving local services get a chance to change
how things are done
-give people a new way to voice their opinions on any local issue close to
their heart
-enable local residents to call local authorities to account for the careful
management of taxpayers’ money
11. Parkend Development Initiative
Reform to make the planning system clearer, more
democratic and more effective
The Bill will:
-place significantly more influence in the hands of local people over
issues that make a big difference to their lives
-provide appropriate support and recognition to communities who
welcome new development
-reduce red tape, making it easier for authorities to get on with the job of
working with local people to draw up a vision for their area’s future
-reinforce the democratic nature of the planning system - passing power
from bodies not directly answerable to the public, to democratically
accountable ministers
12. Parkend Development Initiative
Reform to ensure that decisions about housing are
taken locally
The Bill will:
- enable local authorities to make their own decisions to adapt housing
provision to local needs, and make the system fairer and more effective
- give local authorities more control over the funding of social housing,
helping them to plan for the long term
- give people who live in social housing new ways of holding their
landlords to account, and make it easier for them to move
13. Parkend Development Initiative
UK Community Models
Cooperative
Community Interest Company
Limited Liability Partnership
Community Benefit Society
Social Business
16. Parkend Development Initiative
Limited Liability Partnership
Partnership agreement to share investment and
reward
Financial, IP or sweat equity
Public & Private partners
Returns in product or sale equivalent
Tax transparency
17. Parkend Development Initiative
Community Benefit Societies
Social objectives for business/trade
Run and managed by their members
Fundraising via community shares
Can be established as charities
Link: Community Benefit Societies
18. Parkend Development Initiative
Social business
For people and planet
No dividend distribution
A primary social objective
Link : Social Business and For Benefit Corporations
21. Parkend Development Initiative
Solar PV for community buildings
2 x 8kw installations
Investment £40-60k
Generation + feed in tariff
Annual payback £6k
25 year return > £100k
Grant potential?
26. Parkend Development Initiative
Local Employment
Community broadband
Micro enterprise support
Training for renewable industry
IT skills development
Investment in CDFIs
Link: BBC Village SOS project
29. Parkend Development Initiative
Enhanced leisure
Community Plan response
Create new activities
Extend community building use
Funds from community company
Collaborate with Dean FS Centre
32. Parkend Development Initiative
Compassion
People-Centered Economic Development is a Charter for
Compassion partner.
“Economics, and indeed human civilization, can only be measured
and calibrated in terms of human beings. Everything in economics
has to be adjusted for people, first, and abandoning the illusory
numerical analyses that inevitably put numbers ahead of people,
capitalism ahead of democracy, and degradation ahead of
compassion.
Each of us who have a choice can choose what we want to do to
help or not. It is free-will, our choice, as human beings.”
Link: Principles of People-Centered Economics