Participatory Budgeting is based on a simple concept "when the whole community has a say where money is spent, it leads to better decision making and to more people getting involved".
Done well PB will result in:
A community with a better understanding of the range of groups that exist and activities going on in their neighbourhood or community, where everyone having a practical way to get involved.
Neighbourhood groups, community members and residents better able to express their needs and influence decisions made about a community
Greater collaboration and partnership occurs, often meaning more resources for distribution come into an area or community, and when they do they are well spent.