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Unlocking local economies
Exploring new economics in practice
Rachel Laurence | Local Economies [email protected] | 0207 820 6397
www.neweconomics.org
Extensive past work on approaches to Local Economies includes:• Plugging the Leaks• BizFizz• Local Alchemy• Clone Town Britain
Recent work from across NEF, which focusses on London, includes:• Haringey Carbon Commission• Waltham Forest Growth Commission• Outcomes based commissioning work with various Local Authorities• Community currency work in Brixton / Lambeth
Local Economies at New Economics Foundation
Visit http://www.neweconomics.org/issues/entry/local-economies and http://communitycurrenciesinaction.eu/) for more detail
Unlocking Local Economies
Research – evidence review, mapping, collecting findings
More research / pilots / testing models / synthesising other evidence
Analytical frameworks
/ models
Year 1 Years 2 and 3
Repo
rt
Repo
rt
Network, advocacy, coms, capacity building…
Practice sharing network
Wider alliance
Wider audience
Undertaking research into existing attempts to tackle barriers and develop long term solutions to one or a combination of local economic, social, environmental and power questions, through holistic, multi-stakeholder and multi-sector initiatives.
Structu
resInstitutions
Relationships Systems
Physical spacial set-up
Physical infrastructure
Outcomes
Environmental
Socia
lEc
onom
ic
Power relationships
Public services
Physical resources (materials, goods)
Costs and prices
Inward investment
Types of demand outside the area
Non profit infrastructure
Community infrastructure
people’s skills
people’s social capital
Types of demand within the area
Where social networks are and
when we meet them
Where home is and how much it costs,
incl. energy costs
Whe
re sc
hool
isW
here childcare is and how
much it costs
Where station / bus stop
is and how much it costs
Where our healthcare is
Where we work
Whe
re w
e sho
p
and b
ank National levers
Regional levers
Local levers
New Economics Organisers’ Network (NEON)
- Seeks to strengthen the movement working to replace neoliberalism with an economy based on social and environmental justice.
- Is a network of people taking practical action - members collaborate on campaigns, discuss issues and work together.
- Also runs trainings, events and help build the strength of member organisations.
If you’re taking practical action to create a socially and environmentally just economy and want to collaborate with fellow campaigners, we want you to be part of NEON.
Please contact Huw Jordan, [email protected] for further information.
So, in London…
- What are the outcomes we want our local economy to deliver? - What do we mean by local economic development? What scale are we
talking about?- What are the opportunities and the challenges of being a city-region?- What economic elements should be part of an approach to transforming our
local economy? (Including access to finance for SMEs?)- How do we want to see physical space (and planning), the mix of people in
any area in London (and equality), and the types of sector operating in any area in London (economic strategy) interacting, to form an environment that fosters the kind of economic outcomes we want to see?
