Our economy faces twin challenges of poor productivity and significant regional imbalance, which means that different areas have very different challenges and opportunities to drive growth. These underlying challenges are structural and long term, but Brexit creates a new urgency to make sure our economy is both competitive internationally and doesn’t leave people behind.
The Industrial Strategy seems an opportunity for a stronger focus on locality, so how can local economies balance the twin objectives of productivity and inclusivity, to ensure they are resilient for the future? Across the range of powers and resources identified as capable of driving growth, at what level – national, regional and local – are they best exercised to create maximum impact on outcomes? Where are there institutional, policy and fiscal barriers to unlocking growth and local financial self-sufficiency, and how can they be reformed?
Previous publications under this theme include:
Place-based policymaking after Brexit: In search of the missing link?
Building Homes, Growing Communities
Smarter, Not Harder: How devolution can make places more productive