Professional Documents
Culture Documents
Economica
PANEL
Andy Westwood
OECD
Businesses and services User led, co‐
buying and trading locally produced or
locally owned
Replacing ‘imports’ services
with local products
– and externally
delivered services
with locally Attracting
designed activity money, wages
and investment
Local Multiplier
into locality, but
Effect driving up
increasing local
social capital
earnings and
and economy
Promoting and spending
supporting innovation
in business and in
public services
Building social
capital – networks,
volunteering,
Supporting local community
employment activities, culture
and enterprise Increasing knowledge,
skills and leadership
held in community
Actors in local economic development: