We need a Green Economic Zone

Southwark Council leader Peter John stated there was “no alternative” to displacing existing communities and building only 3% social rented units throughout the Elephant & Castle Opportunity Area (OA). He was wrong in principle and in fact.

I would counter this regressive OA model with a Green Economic Zone. “We need local economies that put communities first, and provide opportunity, dignity and well-being. Whole rivers of wealth run through local places. We need to capture it, because it already belongs to us,” say progressive economic thinkers CLES.

In Preston, the city council has set up co-ops for everyday goods and services. School meals are now supplied by local businesses instead of big corporations, giving the local economy an estimated £2 million boost.

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