OBO is an initiative seeking to bring wealth and power back home for local people and communities in Oxford
Through a model known as Community Wealth Building, OBO works to build a community-led economy in our city. By partnering with local grassroots organisations and larger, more established institutions, the program continues to test and innovate new ideas and models of economic exchange that stop wealth flowing out of our communities, and to put it back in the hands of local people.
Makespace Oxford is one of five partner organisations that were behind Owned by Oxford, alongside CAG Oxfordshire, Solidarity Economy Association, Oxford City Council and Aspire. Through our experience in accessing and reanimating meanwhile spaces, we work alongside Owned by Oxford to provide the spaces that local organisations needed to operate, connect and thrive.
WHAT IS COMMUNITY WEALTH BUILDING?
Community Wealth Building is people-centred approach to local economic development which redirects wealth back into the local economy, and places control and benefits into the hands of local people.
Simply put, it's all about supporting the positive, socially and environmentally ‘generative’ parts of the economy to grow while reducing extractive, damaging ones. You can find out more in on the Owned by Oxford website.
