Last night’s full council meeting saw Labour Councillor Simon Curry’s motion for Medway Council to join the call for the setting up of a national Community Wealth Fund pass with cross-party support.
The motion called on Medway Council to join the Community Wealth Fund Alliance (CWFA) in urging the Government to establish a Community Wealth Fund to invest in ‘left behind’ neighbourhoods in our community. These neighbourhoods are classed as the most deprived in the country and include areas of Medway.
The CWFA has the support of over 340 organisations including 21 local authorities and is organised by the Local Trust which has been responsible for managing a number community funded projects such as the National Lottery Community Fund. Here in Medway, our own Big Lottery Project has seen the hugely successful work of Arches Local.
Councillor Simon Curry, the member responsible for moving the motion at Full Council said that, ‘The establishment of a Community Wealth Fund would be a hugely valuable initiative for our local community. There is clearly an urgent need in many areas of Medway for funding to improve social infrastructure, and a Community Wealth Fund would provide this.
‘Projects like Arches Local have been hugely successful in our community over the past few years, and it would be great to see similar projects boosted by this fund.
‘I’m really pleased to see this motion gain the support of the Conservative Group, and am hopeful that the Government will follow suit in establishing a Community Welfare Fund for areas that need investment the most.’
Councillor Andy Stamp, the Medway Labour and Co-operative Spokesperson for Regeneration added, ‘Distribution of funds with such a community-led focus would support some of the most ‘left behind’ neighbourhoods in our community, which is particularly important under the current circumstances.
‘I’m pleased to see the motion pass with cross-party support, and am hopeful this will result in greater investment in social infrastructure in some of the most deprived neighbourhoods in Medway.’