Local Enterprise Circles (LECs) are proposed as an alternative to borrowing from banks, to invest locally in small businesses for mutual benefit. Forming LEC groups allows local capital investment, keeping money and jobs within the community while building business networks. LECs can help address fiscal and environmental threats by fostering economic growth and self-reliance through local collaboration and investment.

1. Local Enterprise Circles

2. Developed World Capitalism

3. Most of the Money has Gone

4. Trust in Banks Lost
Don’t borrow from the banks as
they will foreclose when times get
tough.

5. Situation Now

6. Looming Fiscal Threats

7. Environmental Threats

8. The Politicians Strategy
Kick the can
down the
road until an
answer turns
up

9. What Governments’ Can Do
or encourage

10. What can we do
or encourage
Invest Locally in LECs

11. Why should we Invest Locally?
• Insider Knowledge
– We know the people
– We know the marketplace
– We can help the process
– We can buy from LEC
sponsored businesses
– Local money flows
• Creating a virtuous circle
– Delivering Growth
– A Can-Do Culture
– Lower environmental costs
– Increased self reliance

12. How do we do it?
• Find interested partners
• Agree a constitution
• Form the first LEC Company
• Raise the capital
• Develop the solution
• Market the solution
• Prove the solution
• Franchise the solution to others

13. Delivering