#2026/7Community Wealth Building (Scotland) Act 2026
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The Community Wealth Building (Scotland) Act 2026 requires Scottish Ministers to prepare, publish, review and report on a national community wealth building statement. It mandates that every local authority and specified public bodies must prepare, publish, review, report on and actually implement a local Community Wealth Building Action Plan. The Act also requires certain public bodies to have due regard to guidance issued by Scottish Ministers on community wealth building. The legislation aims to embed community wealth building principles into public decision-making across Scotland, focusing on local economic development, fairer wealth distribution, and community control of assets and resources. It came into force following Royal Assent on 25 March 2026.
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Key Changes
- Scottish Ministers must prepare and publish a national Community Wealth Building Statement
- All Scottish local authorities and specified public bodies must prepare and publish a Community Wealth Building Action Plan
- Public bodies are required to review and revise their Action Plans periodically and report on progress
+ 3 more changes with Pro
Obligations
What this law requires
Scottish Ministers must prepare a national community wealth building statement
Scottish Ministers must publish the national community wealth building statement
Scottish Ministers must review and revise the national community wealth building statement
Scottish Ministers must report on the national community wealth building statement
Every local authority must prepare a local Community Wealth Building Action Plan