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Plugging the Leaks

Plugging the Leaks. Making the most of every pound that enters your local economy. Agenda. Introduction Exploring the leaky bucket Leak plugging ideas Irrigation Voting on priorities What next. Plugging the Leaks. A visual tool to:

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Plugging the Leaks

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  1. Plugging the Leaks Making the most of every pound that enters your local economy

  2. Agenda • Introduction • Exploring the leaky bucket • Leak plugging ideas • Irrigation • Voting on priorities • What next

  3. Plugging the Leaks A visual tool to: • Engage people in decision-making about their local economy • Generate enterprising ideas • Mobilise people to take action

  4. Starting Point The problem is not necessarily that too little money flows into a neighbourhood. Rather it is what consumers, public services & businesses do with that money. Too often it is spent on services with no local presence, and so immediately leaves the area.

  5. Exploring • How £ enters your local economy. • How £ leaks out of your local economy. • What other resources are leaking out. • How can we keep more money circulating locally.

  6. How does £ enter your local economy?

  7. How does £ leak out ?

  8. Plugging the leaks Public authority contracts opened up to local firms – Northumberland County Council est. 10% increase in local spend would generate £34 million to local economy. Local food: supplied to schools, Organic Box Scheme Bulk buying to reduce costs Using waste materials - Linking problems to solutions Tuxford pine furniture waste going into: wood burning, schools woodwork shop, horse bedding

  9. How can we keep more £ circulating locally?

  10. Irrigation • Identify a major inflow of £ into the area • How can more be spent locally? • How can we make this happen • Who needs to be involved? • What support / training / funding is needed?

  11. Clustering Problem (Leaks) Theme Ideas for Action (Plugs)

  12. Voting on Priorities

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