What is community economic development?
Community Economic Development (CED) is often seen as an effective means of combating social exclusion by retaining income within the area, generating jobs, enhancing skills, providing goods and services that the market is unable or unwilling to provide and empowering individuals and communities.
The aim of economic development
The aim of economic development is to break down barriers between a marginalised community and the mainstream community by focusing on disadvantaged people by developing their self-confidence and skills through participation in community enterprise and associated training initiatives.
Community enterprises
Community enterprises are owned and controlled by the local community, serving their interest. Any financial surplus generated from their commercial activity is used for community benefit.
Types of community enterprise
There are three main types of community enterprise:
- Community businesses;
- Community financial services; and
- Community organisations with a wider remit, such as Development Trusts.
Homeworking Project
For more information please contact:
Andy Walkden, Community Economic Development Officer
Urban Strategy and Neighbourhood Unit, 1st Floor, Town Hall, Knowsley Street, Bury, BL9 0SW.
E-Mail: USNU@bury.gov.uk Tel: 0161 253 5935 Fax: 0161 253 5393
For information on funding contact:
Bolton Business Ventures
Website: http://www.bbvonline.net/
