Following Labour’s announcement of a new national wealth fund to invest in green industries, we’re exploring what 'public wealth funds' are and how they offer a way to keep profits in the hands of the people.
We talk to Professor Karin Thorburn about Norway’s Sovereign Wealth Fund which has guaranteed that future generations can benefit from its natural resources, even as we transition towards a greener economy. UCL Associate Professor Josh Ryan-Collins makes the wider case for public wealth funds, and how they help governments invest for the future and make sure that returns go back to citizens. Finally, Rayhan Haque from the Community Wealth Fund Alliance tells us how the 40p in your old building society account could be invested in communities for big economic, social and environmental returns.
Plus: Ed is ready to jump into ribbon-cutting action as Britain’s oldest lido is opening to the public! We speak to the team behind the restoration and re-opening of Cleveland Pools, Bath.
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More info
Norway’s Sovereign Wealth Fund
UCL IIPP Report on Public Wealth Funds
Learn more about the Community Wealth Fund
Local Trust as a founding member of the Community Wealth Fund Alliance
Read about the Dormant Assets Scheme
Stay up to date with news on Cleveland Pools’ reopening on their website or sign up to their newsletter
Guests
Karin Thorburn, Professor of Finance, Norwegian School of Economics (@karinsthorburn) (@NHHnor)
Josh Ryan-Collins, Associate Professor in Economics and Finance, UCL Institute for Innovation and Public Purpose (@jryancollins) (@IIPP_UCL)
Rayhan Haque, Campaigns Manager, Community Wealth Fund Alliance (@RayhanHaqueUK) (@CommWealthFund)
Alice Le Page, Learning and Community Engagement Trustee, Cleveland Pools (@aslepage) (@Clevelandpools)
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