What foundational framework does Local Action for Sustainable Economic Renewal (LASER) utilize?

The Local Action for Sustainable Economic Renewal (LASER) employs a framework that focuses on ten forms of capital for sustainability. This approach is designed to create a holistic view of development that integrates various dimensions of sustainability, including economic, social, cultural, environmental, and human capital. By emphasizing multiple forms of capital, LASER recognizes that sustainable development is not solely about economic growth but about fostering a balanced approach that considers the interconnectedness of different assets and resources.

The focus on ten forms of capital allows for a more comprehensive understanding of how communities can achieve resilience and sustainability. This framework supports the idea that investing in various types of capital—such as social networks, natural resources, and cultural identity—is essential for holistic economic renewal and community well-being. This multifaceted perspective provides a solid foundation for initiatives aiming at long-term sustainability and is crucial in addressing the complex challenges faced by communities today.