"Localisation as economic development"

Rob Hopkins in The Guardian online:

…”Localisation as economic development.” It’s a phrase that contains a very big idea. At present, our local economies function like leaky buckets, into which pour wages, salaries, pensions and so on, but most of it pours back out again, through chain stores, supermarkets and so on, and its potential to make things happen is lost. Yet every outpouring is a potential local livelihood, local business, training opportunity. “Plugging the leaks“, as the New Economics Foundation calls it, has huge potential for economic regeneration, as well as for making communities more resilient in increasingly uncertain times.

So what are Transition groups doing on the ground in 2011 to make this happen? Lewes recently raised £307,000 from a community share launch which will create the UK’s first community solar-power station on the roof of a local brewery. Transition Town Kingston has set up a new food co-op delivering vegetable boxes to local households. Transition Norwich is building a new flour mill and new community farms, having carried out a strategic study called “Can Norwich feed itself?”…

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