My Local Economy is currently undertaking economic analysis and briefing work for a 4 Local Enterprise Partnerships, the Greater South East grouping of LEPs and two local authorities.
We’ve also been actively providing links and information on Glenn’s Linkedin feed.
Five weeks on (we began on 23 March 2020) – the work we’ve done for LEPs and LAs are detailed as follows:
1. A weekly or fortnightly briefing of the latest economic intelligence, analysis, and news from four perspectives: Global, National, South East and London, and Local.
- This is in a ppt slidedeck format with key messages
- Focus on reporting what’s new and what’s important
- Putting global and national events and findings into local perspective – e.g. I took the latest thinking on sector impacts and implications over the next 12 months and put some Local context into this – no.’s employed, share of employment, particular district concentrations of employment etc.
- Tracking the main statistical indicators when they are updated – at UK, regional and local level
- Looking at this risks by industry, including each industry prioritised by the relevant Local Industrial Strategy
- Eventually we will get more feedback – and requests in terms of analysis, and news being fed into the briefings – which we will incorporate
The Global, National and SE-London slides are being shared to other South East LEPs.
2. (in development) A horizon scanning and risk register that is a live document, that will scope out potential impacts, upside and downside risks – by sector, locality, population group, and other special interests
This will help identify early on actual and expected risks and upsides to emerge over the next 3-6 months. It will be a document that will be updated on a weekly basis initially. Its intended use is to inform and shape a recovery plan.
This work stems from a lot of analysis and briefing I did for the East of England Development Agency 2008-2010 during the credit crunch and recession (I can provide examples of RDA publications and the monthly reports sent to BIS/BEIS at that time if required). I had a team set up to provide weekly briefings initially and then monthly briefings. This was a mix of global, national, regional and local trends and business news. The reports tended to be 20-30 pages A4, with a very tight and clear 2-page summary up front. I also presented on a weekly and monthly basis to a Public sector leaders committee. We also took care to report positive news and business as usual as well as negative news and events related to the recession. The briefings were also used to keep an up to date list of available business and employment support. Overall these briefings helped demonstrate leadership on economic issues and provided the go-to reference on latest impacts of the credit crunch and recession.
Going forward – we are available to help with local analysis to other LEP areas and local authorities. So far:
- The Global, national, and a SE England perspective will be available to all SE LEPs. This will be supplied as “white label” ppt – to be put into organisational formats etc
- Individual LEPs and localities can opt in to pay for help with local analysis and briefing to go with this. This can be tailored to reporting requirements, scope, focus etc
- The Horizon scanning and economic recovery plan work can be extended to other LEPs / LAs as required
- We’ve done this before! I’ve got a team of up to 4 people available to help out with this type of work. All experienced economists and media analysts – most of us have been working in local and regional economic development and regeneration for 20-odd years. Track record is at www.mylocaleconomy.org / https://www.linkedin.com/in/glennathey/