From the FT today: ๐๐๐ ๐๐ ๐๐๐ค๐ฃ๐ค๐ข๐ฎ ๐๐จ ๐๐ฃ ๐ ๐ซ๐ช๐ก๐ฃ๐๐ง๐๐๐ก๐ ๐ฅ๐ค๐จ๐๐ฉ๐๐ค๐ฃ ๐๐ ๐ฉ๐๐๐ง๐ ๐๐จ ๐ ๐๐ก๐ค๐๐๐ก ๐๐๐ค๐ฃ๐ค๐ข๐๐ ๐๐ค๐ฌ๐ฃ๐ฉ๐ช๐ง๐ฃ. Post-financial crisis and pandemic struggles have only been worsened by unpredictable U.S. policies.๐จ๐ ๐ฃ๐ฟ๐ผ๐ฑ๐๐ฐ๐๐ถ๐๐ถ๐๐ ๐ด๐ฟ๐ผ๐๐๐ต ๐ต๐ฎ๐ ๐ฐ๐ผ๐น๐น๐ฎ๐ฝ๐๐ฒ๐ฑ. Between 2007 and 2024, UK...
Uncategorized
Pivoting local enterprise support in response to an economic crisis
๐๐๐ค๐ฃ๐ค๐ข๐๐ ๐๐ซ๐๐ฃ๐ฉ๐จ ๐๐๐ฃ ๐๐๐๐๐๐ฉ ๐ง๐๐ฉ๐๐จ ๐ค๐ ๐๐ฃ๐ฉ๐ง๐๐ฅ๐ง๐๐ฃ๐๐ช๐ง๐จ๐๐๐ฅ ๐๐ฃ๐ ๐จ๐๐๐ฅ๐ ๐ฉ๐๐ ๐๐๐ข๐๐ฃ๐ ๐๐ค๐ง ๐ก๐ค๐๐๐ก ๐๐ฃ๐ฉ๐๐ง๐ฅ๐ง๐๐จ๐ ๐จ๐ช๐ฅ๐ฅ๐ค๐ง๐ฉThe economic cycle can affect entrepreneurship rates. The 2022 GEM survey for the UK found that the market uncertainty caused by macroeconomic policy mistakes of the...
What should local economic developers be doing in response to the emerging global economic crisis?
๐๐๐ ๐๐ก๐ค๐๐๐ก ๐๐๐ค๐ฃ๐ค๐ข๐ฎ ๐๐จ ๐๐ค๐๐ฃ๐ ๐ฉ๐๐ง๐ค๐ช๐๐ ๐ ๐๐ง๐๐จ๐๐จ.I've closely monitored three major recessions in my career now. The main things to remember are:- Don't rely on official statistics to define and inform the economic picure so much as they lag behind current event by quite...
๐๐ค๐ฃ๐๐ฉ๐ค๐ง๐๐ฃ๐ ๐๐ฃ๐ ๐๐ซ๐๐ก๐ช๐๐ฉ๐๐ค๐ฃ (๐ฅ๐๐ง๐ฉ 2): ๐๐ช๐ฃ๐๐๐ข๐๐ฃ๐ฉ๐๐ก๐จ
๐ฅ๐ฒ๐ฎ๐๐ผ๐ป๐ ๐๐ผ ๐บ๐ผ๐ป๐ถ๐๐ผ๐ฟ ๐ฎ๐ป๐ฑ ๐ฒ๐๐ฎ๐น๐๐ฎ๐๐ฒ- Reputation- Organisational performance- Value for money- Programme/project performance- Contract management- Risk appraisal- Financial due diligence, approval and management- Audit and external scrutiny๐๐๐๐ฉ ๐๐จ ๐ข๐ค๐ฃ๐๐ฉ๐ค๐ง๐๐ฃ๐ ๐๐ฃ๐ ๐๐ซ๐๐ก๐ช๐๐ฉ๐๐ค๐ฃ...
๐๐ค๐ฃ๐๐ฉ๐ค๐ง๐๐ฃ๐ ๐๐ฃ๐ ๐๐ซ๐๐ก๐ช๐๐ฉ๐๐ค๐ฃ (๐ฅ๐๐ง๐ฉ 1): ๐๐ข๐ฅ๐ค๐ง๐ฉ๐๐ฃ๐ฉ ๐๐๐ง๐จ๐ฉ ๐ฅ๐ง๐๐ฃ๐๐๐ฅ๐ก๐๐จ
There's a scenario I get involved in every so often - "Glenn, can you evaluate this project for us?"... sometimes the scenario plays out as:-๐ฐThere's been some financial commitment (say, ยฃ10m) - to "do something about business growth"๐ซ๏ธThere was a lack of clear...
Get ready for the next round of Local Skills Improvement Partnerships (LSIPs)
๐๐ผ๐ฐ๐ฎ๐น ๐ฆ๐ธ๐ถ๐น๐น๐ ๐๐บ๐ฝ๐ฟ๐ผ๐๐ฒ๐บ๐ฒ๐ป๐ ๐ฃ๐น๐ฎ๐ป๐ (๐๐ฆ๐๐ฃ๐), launched in January 2021, empowered businesses in England, especially SMEs, to have a strong voice in local skills planning as they were led by local Chambers of Commerce. The LSIPs aimed to ensure skills provision is responsive...