The preceding four articles have sought to build perspectives on the role of industrial development in local and regional economies. In this final article. I tie this together by looking at the role of industrial policy and strategy. The perennial question for the UK:...
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Develop effective local Get Britain Working Plans
Guidance for local and combined authorities Local and Combined Authorities in England are tasked with creating Get Britain Working (GBW) plans to tackle local labour market challenges, boost employment (aiming for 80%), and reduce barriers to work. DWP guidance...
4. Local Economies, Global Chains: Rethinking Industrial Clusters for Growth (article 4 of 5 on industrial policy)
The idea of fostering local industrial clusters as a driver for economic development is appealing, but the reality on the ground presents some significant hurdles. In today's interconnected world, truly self-contained local or regional clusters are increasingly rare....
Foundational policies and strategies that create a high and lasting impact
Strategy and policy work matters - if done well, the benefits can last for years, and establish your organisation or endeavour as a serious, creative endeavour which is attractive to major stakeholders Sometimes the strategy development work you commission as local...
Monthly UK economic outlook: April 2025
February's high rate of GDP growth surprises many The UK economy surpassed analyst's expectations with its 0.5% growth in February. Growth was widespread across services and manufacturing, and marked the fastest monthly pace since March 2024. The GDP figures predate...
The UK economy is vulnerable if there is a global economic downturn
From the FT today: 𝙏𝙝𝙚 𝙐𝙆 𝙚𝙘𝙤𝙣𝙤𝙢𝙮 𝙞𝙨 𝙞𝙣 𝙖 𝙫𝙪𝙡𝙣𝙚𝙧𝙖𝙗𝙡𝙚 𝙥𝙤𝙨𝙞𝙩𝙞𝙤𝙣 𝙞𝙛 𝙩𝙝𝙚𝙧𝙚 𝙞𝙨 𝙖 𝙜𝙡𝙤𝙗𝙖𝙡 𝙚𝙘𝙤𝙣𝙤𝙢𝙞𝙘 𝙙𝙤𝙬𝙣𝙩𝙪𝙧𝙣. Post-financial crisis and pandemic struggles have only been worsened by unpredictable U.S. policies.𝗨𝗞 𝗣𝗿𝗼𝗱𝘂𝗰𝘁𝗶𝘃𝗶𝘁𝘆 𝗴𝗿𝗼𝘄𝘁𝗵 𝗵𝗮𝘀 𝗰𝗼𝗹𝗹𝗮𝗽𝘀𝗲𝗱. Between 2007 and 2024, UK...