Just over a year ago, our organisations – the Centre for Local Economic Strategies (CLES) and Development Trusts NI (DTNI) – jointly penned Time to build an inclusive local economy – A Charter for Change, setting out a community wealth building approach to local economic development in Northern Ireland.
A lot has changed since then. Theresa May no longer occupies Number 10; Leo Varadkar is no longer Taoiseach; Stormont is back; Brexit is happening – bringing with it disruptions to trade in Northern Ireland. And we have suffered, and continue to suffer, the enormous social and economic turmoil brought about by Covid-19.
“For all too long, the economy in NI has not been working well for people and place.”
Amidst all this change, some things, however, have remained constant. Northern Ireland’s economy – even prior to the onset of coronavirus – had still not recovered fully from the financial crisis. For all too long, the economy in NI has not been working well for people and place. Poverty and inequality remain stubbornly entrenched, and NI suffers from the highest rate of economic inactivity across the UK – an unenviable record it has held for over three decades.