25.Section 8 sets out the requirements of community wealth building partnerships in relation to reporting on the community wealth building action plans. Subsection (3) defines the reporting period as each period of 5 years, the first such period beginning with the day the action plan was first published. Subsection (1)(a) provides that the report must set out what steps the partnership has taken during the reporting period in relation to each action which is listed in the action plan, and paragraph (b) requires that the report set out what steps the partnership has taken to keep the action plan under review. This might mean steps that they have taken to monitor the actions for their effectiveness in case they need to be changed. Subsection (1)(c) requires that the report set out the percentage of the spend under public contracts entered into by the community wealth building partners which is with local economic operators. This reporting requirement relates to the target which must be set in the plan under section 5(8). Paragraph (d) requires that the report also set out an assessment of progress made with reference to the indicators set out in the action plan in accordance with section 5(9). Those indicators are to relate to the implementation of the measures contained in the action plan. Subsection (2) requires the local authority to publish the report in the manner they consider appropriate.
The Act Commentary on provisions Section 8 – reporting on action plan