Resilience

Inclusive growth: Making an economy work for a few more?

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.

Five cities, five ‘good’ local economies

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.

  • What is a good city economy?

    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.

    Places have relationships

    CLES has been working as part of a consortium with Carnegie UK Trust, University of Stirling and the Scottish Towns Partnership. Commissioned and funded by Carnegie UK Trust and the Scottish Government, the consortium have now devised the UK’s first and unique online tool, which has facts and figures for all 479 towns and cities across Scotland.

  • RESEARCH

    CLES Manifesto for local economies

    17th March 2015
    This CLES Manifesto is underpinned by our values and principles and is based on the experience of our work in local economies over...
  • RESEARCH

    Developing Resilient Town Centres

    12th February 2015
    What makes a resilient town centre? This paper, aimed at people working to support their high street, town or city centre, provide...
  • Understanding Scottish Places

    CLES is excited to be involved in a consortium in partnership with the Scottish Government to create a new toolkit for towns practitioners and communities. The work has been commissioned by the Scottish Government and follows the Trust’s contributions to the Town Centre Review.

    Building a local civil economy

    The word ‘economy’ can be traced back to the Greek word oikonomos, – ‘one who manages a household’. However, the idea that the economy is intimate and social is often lost from modern day economic discussions. Indeed, all too often the social sphere, is seen as an assumed outcome of economic activity, rather than a planned for and locked-in necessity.

    This connectedness with the social sphere should be central to any local economic development. What is the point of local economic development if it does not deliver social outcomes or address poverty? In this we need to think about building a local civil economy – an economy which is decent, fair and works for people.

  • RESEARCH

    Developing local economic resilience: The role of LEPs

    11th April 2014
    This CLES think-piece looks at Local Enterprise Partnerships (LEPs) and the extent to which they are creating local economic resil...