Local economic development

  • Neil McInroy

    Chief Executive

  • Ancoats Dispensary Trust – community ownership and local economic development in action

    This week, CLES Researcher, Amy-Grace was invited to join ‘Divas up North’ on Salford City Radio to discuss community ownership and local economic development using her experience as a Director of Ancoats Dispensary Trust. Here’s the latest on the project…

    Amy-Grace has been a Director of Ancoats Dispensary Trust for the last 4 years. The Trust is dedicated to restoring the grade 2 Ancoats Dispensary for the community and transforming it into a mixed use community hub. The Trust have now applied for Stage 2 heritage lottery funding for the remainder of a 5.25 million grant and will hear whether they have been successful in early September. However, in order to match this funding the Trust are raising funds from other grants, trusts, and philanthropists and will be doing a community share offer to ensure genuine community control and ownership of the building.

    A progressive post-Brexit economic development

    As we move towards Brexit, there are three possible paths for local economic development, says Neil McInroy.

    For many years the dominant approach has failed to build a local economy for all. Brexit makes the challenge harder and we need to take a huge step up.

    Under the auspices of devolution, mainstream economic development has followed traditional lines around investment in hard infrastructure, civic boosterism, city centres, planning relaxation and post-19 skills. Overall it has slotted into and complied with the Treasury economic model – favouring agglomeration economics and narrow wealth concentration. As a result, mainstream economic development has been socially failing, and presided over growing economic imbalances.