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James Grundy MP launches Keep Leigh in Leigh campaign
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Covid-19 case rate in Wigan still rising
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Reckless and dangerous use of off road bikes reported in Leigh
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By Joseph Timan, Local Democracy Reporter
Market Street in Atherton, one of the \ left behind\ neighbourhoods, pictured in July 2018 by Google Maps. Uploaded by Joseph Timan in April 2021. Permission for use for all LDRS partners. THE council has backed calls for dormant assets to be invested in ‘left behind’ neighbourhoods – including three identified within the borough. The local authority is one of thirty councils to support the Community Wealth Fund campaign which proposes a new independent endowment to be set up and spent on neighbourhoods across the country which are the most in need. Almost £900m is expected to be available through the expansion of the government scheme for financial assets deemed to be dormant.
An endowment fund could be created to regenerate struggling wards, under the Community Wealth Fund. This would use proceeds from bank and building society accounts, stocks, shares, bonds, insurance and pension policies which have not been used for many years and where the owner cannot be traced. The estimated worth of this would be around £900m and Atherton and Leigh West, along with Pemberton, have been identified as potential beneficiaries by Wigan Council. Cllr Keith Cunliffe, deputy leader and Leigh East ward member, said: “Our community wealth building approach is about putting control of our local economy back in the hands of local residents, businesses and communities.