Place-based economic development strategy in England: filling the missing space

Paul Hildreth*, David Bailey

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

Abstract

This paper examines the implications of a place-based economic strategy in the context of the UK Coalition government's framework for achieving local growth and the creation of Local Economic Partnerships in England. It draws on the international literature to outline the basic foundations of place-based policy approaches. It explores two key features, particularly as they relate to governance institutions and to the role of knowledge. After examining key concepts in the place-based policy literature, such as 'communities of interest' and 'capital city' and 'local elites', it shows how they might be interpreted in an English policy context. The paper then discusses a place-based approach towards an understanding of the role of knowledge, linked to debates around 'smart specialisation'. In doing so, it shows why there is an important 'missing space' in local growth between the 'national' and the 'local' and how that space might be filled through appropriate governance institutions and policy responses. Overall, the paper outlines what a place-based approach might mean in particular for Central Government, in changing its approach towards sub-national places and for local places, in seeking to realise their own potential. Furthermore, it outlines what the 'missing space' is and how it might be filled, and therefore what a place-based sub-national economic strategy might address.

Original languageEnglish
Pages (from-to)363-377
Number of pages15
JournalLocal Economy
Volume29
Issue number4-5
Early online date15 May 2014
DOIs
Publication statusPublished - Jun 2014

Keywords

  • industrial policy
  • LEPs
  • local growth
  • localism
  • place-based approaches
  • regional policy
  • smart specialisation

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