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Pivoting local enterprise support in response to an economic crisis

Pivoting local enterprise support in response to an economic crisis

๐™€๐™˜๐™ค๐™ฃ๐™ค๐™ข๐™ž๐™˜ ๐™š๐™ซ๐™š๐™ฃ๐™ฉ๐™จ ๐™˜๐™–๐™ฃ ๐™–๐™›๐™›๐™š๐™˜๐™ฉ ๐™ง๐™–๐™ฉ๐™š๐™จ ๐™ค๐™› ๐™š๐™ฃ๐™ฉ๐™ง๐™š๐™ฅ๐™ง๐™š๐™ฃ๐™š๐™ช๐™ง๐™จ๐™๐™ž๐™ฅ ๐™–๐™ฃ๐™™ ๐™จ๐™๐™–๐™ฅ๐™š ๐™ฉ๐™๐™š ๐™™๐™š๐™ข๐™–๐™ฃ๐™™ ๐™›๐™ค๐™ง ๐™ก๐™ค๐™˜๐™–๐™ก ๐™š๐™ฃ๐™ฉ๐™š๐™ง๐™ฅ๐™ง๐™ž๐™จ๐™š ๐™จ๐™ช๐™ฅ๐™ฅ๐™ค๐™ง๐™ฉThe economic cycle can affect entrepreneurship rates. The 2022 GEM survey for the UK found that the market uncertainty caused by macroeconomic policy mistakes of the...

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What should local economic developers be doing in response to the emerging global economic crisis?

What should local economic developers be doing in response to the emerging global economic crisis?

๐™๐™๐™š ๐™œ๐™ก๐™ค๐™—๐™–๐™ก ๐™š๐™˜๐™ค๐™ฃ๐™ค๐™ข๐™ฎ ๐™ž๐™จ ๐™œ๐™ค๐™ž๐™ฃ๐™œ ๐™ฉ๐™๐™ง๐™ค๐™ช๐™œ๐™ ๐™– ๐™˜๐™ง๐™ž๐™จ๐™ž๐™จ.I've closely monitored three major recessions in my career now. The main things to remember are:- Don't rely on official statistics to define and inform the economic picure so much as they lag behind current event by quite...

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๐™ˆ๐™ค๐™ฃ๐™ž๐™ฉ๐™ค๐™ง๐™ž๐™ฃ๐™œ ๐™–๐™ฃ๐™™ ๐™š๐™ซ๐™–๐™ก๐™ช๐™–๐™ฉ๐™ž๐™ค๐™ฃ (๐™ฅ๐™–๐™ง๐™ฉ 2): ๐™›๐™ช๐™ฃ๐™™๐™–๐™ข๐™š๐™ฃ๐™ฉ๐™–๐™ก๐™จ

๐™ˆ๐™ค๐™ฃ๐™ž๐™ฉ๐™ค๐™ง๐™ž๐™ฃ๐™œ ๐™–๐™ฃ๐™™ ๐™š๐™ซ๐™–๐™ก๐™ช๐™–๐™ฉ๐™ž๐™ค๐™ฃ (๐™ฅ๐™–๐™ง๐™ฉ 2): ๐™›๐™ช๐™ฃ๐™™๐™–๐™ข๐™š๐™ฃ๐™ฉ๐™–๐™ก๐™จ

๐—ฅ๐—ฒ๐—ฎ๐˜€๐—ผ๐—ป๐˜€ ๐˜๐—ผ ๐—บ๐—ผ๐—ป๐—ถ๐˜๐—ผ๐—ฟ ๐—ฎ๐—ป๐—ฑ ๐—ฒ๐˜ƒ๐—ฎ๐—น๐˜‚๐—ฎ๐˜๐—ฒ- Reputation- Organisational performance- Value for money- Programme/project performance- Contract management- Risk appraisal- Financial due diligence, approval and management- Audit and external scrutiny๐™’๐™๐™–๐™ฉ ๐™ž๐™จ ๐™ข๐™ค๐™ฃ๐™ž๐™ฉ๐™ค๐™ง๐™ž๐™ฃ๐™œ ๐™–๐™ฃ๐™™ ๐™š๐™ซ๐™–๐™ก๐™ช๐™–๐™ฉ๐™ž๐™ค๐™ฃ...

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๐™ˆ๐™ค๐™ฃ๐™ž๐™ฉ๐™ค๐™ง๐™ž๐™ฃ๐™œ ๐™–๐™ฃ๐™™ ๐™€๐™ซ๐™–๐™ก๐™ช๐™–๐™ฉ๐™ž๐™ค๐™ฃ (๐™ฅ๐™–๐™ง๐™ฉ 1): ๐™ž๐™ข๐™ฅ๐™ค๐™ง๐™ฉ๐™–๐™ฃ๐™ฉ ๐™›๐™ž๐™ง๐™จ๐™ฉ ๐™ฅ๐™ง๐™ž๐™ฃ๐™˜๐™ž๐™ฅ๐™ก๐™š๐™จ

๐™ˆ๐™ค๐™ฃ๐™ž๐™ฉ๐™ค๐™ง๐™ž๐™ฃ๐™œ ๐™–๐™ฃ๐™™ ๐™€๐™ซ๐™–๐™ก๐™ช๐™–๐™ฉ๐™ž๐™ค๐™ฃ (๐™ฅ๐™–๐™ง๐™ฉ 1): ๐™ž๐™ข๐™ฅ๐™ค๐™ง๐™ฉ๐™–๐™ฃ๐™ฉ ๐™›๐™ž๐™ง๐™จ๐™ฉ ๐™ฅ๐™ง๐™ž๐™ฃ๐™˜๐™ž๐™ฅ๐™ก๐™š๐™จ

There's a scenario I get involved in every so often - "Glenn, can you evaluate this project for us?"... sometimes the scenario plays out as:-๐Ÿ’ฐThere's been some financial commitment (say, ยฃ10m) - to "do something about business growth"๐ŸŒซ๏ธThere was a lack of clear...

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Get ready for the next round of Local Skills Improvement Partnerships (LSIPs)

Get ready for the next round of Local Skills Improvement Partnerships (LSIPs)

๐—Ÿ๐—ผ๐—ฐ๐—ฎ๐—น ๐—ฆ๐—ธ๐—ถ๐—น๐—น๐˜€ ๐—œ๐—บ๐—ฝ๐—ฟ๐—ผ๐˜ƒ๐—ฒ๐—บ๐—ฒ๐—ป๐˜ ๐—ฃ๐—น๐—ฎ๐—ป๐˜€ (๐—Ÿ๐—ฆ๐—œ๐—ฃ๐˜€), launched in January 2021, empowered businesses in England, especially SMEs, to have a strong voice in local skills planning as they were led by local Chambers of Commerce. The LSIPs aimed to ensure skills provision is responsive...

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