1.8 Develop innovative finance models building on local businesses’ Corporate Social Responsibility

  • The city council and its partners should implement new forms of finance and a community budgeting approach (pooling and/or aligning budgets) to enable the recommendations to happen.
  • Companies should be encouraged to orientate their CSR (corporate social responsibility) strategies, policies and activities towards initiatives aimed at reducing social exclusion.
  • Gain commitment by the city council, other public bodies and corporate business to use their purchasing power to engage with community groups and third sector organisations to demonstrate social value.