Spend local, support people:
How Practice Solutions is working to increase community resilience and prosperity in RCT
Practice Solutions is exploring how businesses in RCT who provide goods and services that contribute to people’s wellbeing could collaborate to access more funding through public sector commissioning, thanks to a successful bid application to the Welsh Government Foundational Economy Challenge Fund.
The FE Challenge is a national initiative by the Ministry for Economy and Transport to support creative approaches for growing community prosperity across a sector known as the Foundational Economy, and is a key part of the Government’s long-term Economic Plan.
To start with, Practice Solutions is arranging a series of events to take place in March, targeted at public services commissioners, businesses and advocacy groups within RCT to gain an understanding of the needs of each group and where any gaps or overlaps might occur to take forward into the next phase.
The aspiration of the project, which will run for 15 months, is to ensure businesses based in RCT are connected to commissioners and supported to deliver public services, creating more jobs for local people and keeping a greater share of the public purse within the local economy. It is hoped the impact of the project will be to boost resilience, cooperation and compassion in the community and generate a best practice model for other areas of Wales.
Project Lead Dafydd Thomas said,
“We’re particularly interested in working with local care providers as well as businesses in the area who deliver services that keep people happy and healthy in their homes and communities. These might be local cafès, hairdressers, painters or gardeners. We’d really like to see if these smaller organisations are happy and willing to work together to provide services at a scale they’d never be able to deliver on their own.”
Click the video below for a brief introduction to the project.
For more details about the project or the proposed events, please contact Dafydd@PracticeSolutions-ltd.co.uk
 The Foundational Economy consists of basic, everyday services and products that people rely on where they live in order to stay safe and civilised. They are the grounded industries and firms that are there because people are there and include goods and services such as food, our homes, the energy we use and the care we receive.
 Prosperity for All: Economic Action Plan (2017) explains the role of social care within the Foundational Economy.