Sunderland City Council is delighted to join the Community Wealth Fund Alliance, a growing group of nearly 250 civil society, public and private sector organisations supporting the call for a Community Wealth Fund (CWF). This fund would be a new endowment created by £4bn of funds from new dormant or orphaned assets (stocks, shares, bonds or insurance funds) in order to provide long-term investment to 'left behind' communities across England. Research by Local Trust and Oxford Consultants for Social Inclusion (OCSI) has identified 225 of the most 'left behind' wards in England. These areas are defined by lower levels of social infrastructure, including places to meet, a culture of community and physical and digital connectivity. They have worse socio-economic outcomes than other similarly deprived areas and are more vulnerable to the health and economic impacts of COVID-19 because they lack a strong foundation of voluntary and community organisations.
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