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We provide insights based on our experience and current work and discuss what changes in policy mean for our localities, regions and cities
3 ๐๐๐๐ฃ๐๐จ ๐๐๐๐ฉ ๐๐ข๐๐ง๐ฉ ๐๐๐ค๐ฃ๐ค๐ข๐๐ ๐ฟ๐๐ซ๐๐ก๐ค๐ฅ๐๐ง๐จ ๐ฟ๐ค ๐๐๐ฉ๐ ๐๐๐๐๐ง ๐๐๐จ๐๐๐ง๐๐ ๐๐๐ฅ๐ค๐ง๐ฉ๐จ ๐๐ฃ๐ ๐๐ซ๐๐๐๐ฃ๐๐ ๐๐ค๐ง๐
Folks, that 100-page report full of stats, charts (and hopefully analysis telling us what it means) about your local economy was not meant to sit on your shelf gathering dust! I've lost count of the number of cracking economic reviews I've done for clients to support...
๐๐๐ฎ “๐๐ D๐ค๐ฃ’๐ฉ B๐๐ก๐๐๐ซ๐ ๐๐ฃ P๐๐๐ ๐๐ฃ๐ W๐๐ฃ๐ฃ๐๐ง๐จ” ๐๐จ ๐ F๐๐ก๐จ๐ A๐ง๐๐ช๐ข๐๐ฃ๐ฉ
๐๐๐ฎ "๐๐ D๐ค๐ฃ'๐ฉ B๐๐ก๐๐๐ซ๐ ๐๐ฃ ๐ฅ๐๐๐ ๐๐ฃ๐ ๐ฌ๐๐ฃ๐ฃ๐๐ง๐จ" ๐๐จ ๐ F๐๐ก๐จ๐ A๐ง๐๐ช๐ข๐๐ฃ๐ฉ๐๐ผ๐ผ๐บ๐ฒ๐ฑ ๐๐ผ C๐ต๐ผ๐ผ๐๐ฒ: W๐ต๐ G๐ผ๐๐ฒ๐ฟ๐ป๐บ๐ฒ๐ป๐๐ H๐ฎ๐๐ฒ ๐ฎ๐ป I๐ป๐ฑ๐๐๐๐ฟ๐ถ๐ฎ๐น P๐ผ๐น๐ถ๐ฐ๐ W๐ต๐ฒ๐๐ต๐ฒ๐ฟ ๐ถ๐ ๐ถ๐ E๐ ๐ฝ๐น๐ถ๐ฐ๐ถ๐ ๐ผ๐ฟ N๐ผ๐ Dani Rodrik (Harvard University) argues that governments are "doomed to choose" and inevitably engage in industrial...
๐๐๐ ๐๐๐๐๐๐จ๐ฉ ๐จ๐๐ฃ๐๐ก๐ ๐ข๐๐จ๐ฉ๐๐ ๐ ๐๐ก๐๐๐ฃ๐ฉ๐จ ๐ข๐๐ ๐ ๐ฌ๐๐๐ฃ ๐ฉ๐๐๐ฎ ๐๐จ๐ ๐๐ค๐ง ๐ ๐๐ง๐๐๐ฃ ๐ฝ๐ค๐ค๐ ๐ฝ๐ช๐จ๐๐ฃ๐๐จ๐จ ๐พ๐๐จ๐…
๐๐๐ ๐๐๐๐๐๐จ๐ฉ ๐จ๐๐ฃ๐๐ก๐ ๐ข๐๐จ๐ฉ๐๐ ๐ ๐๐ก๐๐๐ฃ๐ฉ๐จ ๐ข๐๐ ๐ ๐ฌ๐๐๐ฃ ๐ฉ๐๐๐ฎ ๐๐จ๐ ๐๐ค๐ง ๐ ๐๐ง๐๐๐ฃ ๐ฝ๐ค๐ค๐ ๐ฝ๐ช๐จ๐๐ฃ๐๐จ๐จ ๐พ๐๐จ๐...๐๐ ๐ต๐ฎ๐๐ถ๐ป๐ด ๐ฎ ๐๐ฒ๐ฎ๐ธ ๐ถ๐ป๐ถ๐๐ถ๐ฎ๐น ๐ฝ๐ฟ๐ผ๐ท๐ฒ๐ฐ๐ ๐ถ๐ฑ๐ฒ๐ฎ. Clients often approach people like me at the 'concept stage' of the business case process with project pitches like, โWe need to do something...
๐๐๐ซ๐ ๐ข๐๐จ๐ฉ๐๐ ๐๐จ ๐ข๐๐๐ ๐๐ฎ ๐ฅ๐ก๐๐๐๐จ ๐ฉ๐๐๐ฉ ๐จ๐๐ฎ “๐๐ ๐๐ค๐ฃ’๐ฉ ๐ฃ๐๐๐ ๐ฉ๐ค ๐๐ค ๐๐๐ค๐ฃ๐ค๐ข๐๐ ๐๐๐ซ๐๐ก๐ค๐ฅ๐ข๐๐ฃ๐ฉ ๐๐๐๐๐ช๐จ๐ ๐ฌ๐’๐ง๐ ๐๐ก๐ง๐๐๐๐ฎ ๐ ๐จ๐ช๐๐๐๐จ๐จ”
Successful places need an economic development strategy as much as unsuccessful ones.Here's 5 mistakes that successful places make: ๐ ๐ถ๐๐๐ฎ๐ธ๐ฒ #๐ญ: ๐๐๐ฐ๐ฐ๐ฒ๐๐ ๐ฑ๐ผ๐ฒ๐๐ป'๐ ๐บ๐ฒ๐ฎ๐ป ๐ถ๐๐ ๐๐ต๐ฎ๐ฟ๐ฒ๐ฑ. I live in a tech town. Sure its successful if you are a tech worker, but not if you are in...
5 ๐ข๐๐จ๐ฉ๐๐ ๐๐จ ๐๐๐ค๐ฃ๐ค๐ข๐๐ ๐๐๐ซ๐๐ก๐ค๐ฅ๐๐ง๐จ ๐ข๐๐ ๐ ๐ฌ๐๐ฉ๐ ๐ก๐ค๐๐๐ก ๐ฅ๐ค๐ก๐๐ฉ๐๐๐๐๐ฃ๐จ ๐๐ฃ๐ ๐๐ค๐ฌ ๐ฉ๐ค ๐๐ซ๐ค๐๐ ๐ฉ๐๐๐ข
5 ๐ข๐๐จ๐ฉ๐๐ ๐๐จ ๐๐๐ค๐ฃ๐ค๐ข๐๐ ๐๐๐ซ๐๐ก๐ค๐ฅ๐๐ง๐จ ๐ข๐๐ ๐ ๐ฌ๐๐ฉ๐ ๐ก๐ค๐๐๐ก ๐ฅ๐ค๐ก๐๐ฉ๐๐๐๐๐ฃ๐จ ๐๐ฃ๐ ๐๐ค๐ฌ ๐ฉ๐ค ๐๐ซ๐ค๐๐ ๐ฉ๐๐๐ข๐๐ช๐ด๐ต๐ข๐ฌ๐ฆ 1๏ธโฃ ๐ง๐ต๐ฎ๐ ๐๐ต๐ฒ๐ถ๐ฟ ๐ฝ๐ฟ๐ฒ๐๐๐๐ฟ๐ฒ ๐ผ๐ป ๐๐ผ๐ ๐ถ๐ ๐ฎ๐น๐น ๐ฎ๐ฏ๐ผ๐๐ ๐ฝ๐ผ๐น๐ถ๐๐ถ๐ฐ๐ฎ๐น ๐ฝ๐ผ๐ถ๐ป๐ ๐๐ฐ๐ผ๐ฟ๐ถ๐ป๐ด ๐ฎ๐ป๐ฑ ๐ฝ๐ผ๐๐ถ๐๐ถ๐ผ๐ป๐ถ๐ป๐ด. Politicians tend to care about the community, the issues faced and the constituencies they...
5. Beyond slogans: a grown-up conversation about UK industrial strategy (Article 5 of 5 on industrial policy)
The preceding four articles have sought to build perspectives on the role of industrial development in local and regional economies. In this final article. I tie this together by looking at the role of industrial policy and strategy. The perennial question for the UK:...
Develop effective local Get Britain Working Plans
Guidance for local and combined authorities Local and Combined Authorities in England are tasked with creating Get Britain Working (GBW) plans to tackle local labour market challenges, boost employment (aiming for 80%), and reduce barriers to work. DWP guidance...
4. Local Economies, Global Chains: Rethinking Industrial Clusters for Growth (article 4 of 5 on industrial policy)
The idea of fostering local industrial clusters as a driver for economic development is appealing, but the reality on the ground presents some significant hurdles. In today's interconnected world, truly self-contained local or regional clusters are increasingly rare....
3. Industrial clusters and local economies (article 3 of 5 on industrial policy)
If you recall in article 1 we introduced the idea of thinking about industries as โsystems.โ This now leads us to consider industrial clusters. Some regions punch above their weight economically because they have highly developed industrial clusters โ those...
2. The ghosts of industry: how deindustrialisation continues to shape the UK (article 2 of 5 on industrial policy)
Deindustrialisation is a powerful force that continues to mould the economic landscape of our towns and regions across the UK. The decline of the UKโs manufacturing and heavy industries has left an indelible mark, its impact varying fiercely depending on a region's...
1. Unlocking local and regional potential: the foundational role of industrial policy (Article 1 of 5 on industrial policy)
This article marks the commencement of a five-part exploration into the crucial role of industrial policy in fostering local and regional economic development. The breadth and depth of this subject necessitate a series of discussions, and I trust your engagement, dear...
Foundational policies and strategies that create a high and lasting impact
Strategy and policy work matters - if done well, the benefits can last for years, and establish your organisation or endeavour as a serious, creative endeavour which is attractive to major stakeholders Sometimes the strategy development work you commission as local...