Following the General Election the Conservatives are to form a minority government. There is now new uncertainty as to the stability of the new administration and questions as to the extent it will be able to focus on building an economy for everyone. However, whilst national politics and government are important, it’s worth reminding ourselves that that change does not begin and end in Whitehall.
CLES, the UK’s leading, independent think and do tank realising progressive economics for people and place, has today launched What Needs to be Done: The Manifesto for Local Economies.
What Needs to be Done sets out how central and local government, alongside business and civil society can develop policy, practice and action to:
The report from the RSA inclusive Growth Commission has now been launched – ‘Making our economy work for everyone’. Chaired by Stephanie Flanders, of JP Morgan Asset Management, this work sought to identify practical ways to make local economies across the UK more economically inclusive and prosperous. However, it is arguable that the ideas are limited in terms of wider social justice and economic resilience. Instead of making an economy work for everyone, it’s more likely that it will merely make our economy work for just a few more.
For many years, economic development has been a thin gruel for social inclusion; based overly on economic growth (sometimes at all costs), trickle down and spatial agglomeration. So, it is heartening that the commission seems to have partly picked up on the ideas of CLES and others (you can read our RSA submission here). This includes the understanding (if not a truism) that investment in social institutions and people is as important as investment in economic infrastructure; or, how the spheres of the economic and the social are not separate, but linked. They also highlight the excellent practical work CLES are engaged in: Community Wealth Building and Anchor Institutions.
We’re helping five UK cities build greater local economic resilience. Here are the Good City Economy plans 2017:
Good City Economies is a joint project by the Centre for Local Economic Strategies and the New Economics Foundation, funded by Friends Provident Foundation.
Over the next six months we are working with five UK cities – Belfast, Birmingham, Bristol, Cardiff and Leeds – to help them embed Good City Economy principles in their places.
A new report reveals the cities at the forefront of a new movement to build neighbourhood wealth and prosperity. The report is a joint project between New Start magazine, Centre for Local Economic Strategies and New Economics Foundation.
Our historic and contemporary work around anchor institutions has led to a realisation that in times of economic uncertainty and austerity there is a host of unrealised potential within anchor institutions in places all across the UK which needs to be harnessed further. In this CLES 10 we therefore outline ten key steps to realising this potential.