In this episode, David and Mike are joined by Professor Kevin Morgan to explore the foundational economy—what it is, why it matters, and how it’s reshaping local economic development. They ask: how can food systems, especially public sector food provisioning, become a catalyst for community wealth and well-being? And what can the Welsh experience teach us about embedding foundational principles into policy and practice? From school meals to multi-level governance, this conversation challenges conventional growth models and offers a fresh take on place-based strategy.