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Unlocking local economies. Exploring new economics in practice. Rachel Laurence | Local Economies Co-ordinator rachel.laurence@neweconomics.org | 0207 820 6397 www.neweconomics.org. Local Economies at New Economics Foundation. Extensive past work on approaches to Local Economies includes:
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Unlocking local economies Exploring new economics in practice Rachel Laurence | Local Economies Co-ordinator rachel.laurence@neweconomics.org | 0207 820 6397 www.neweconomics.org
Local Economies at New Economics Foundation • 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 Visit http://www.neweconomics.org/issues/entry/local-economies and http://communitycurrenciesinaction.eu/) for more detail
Unlocking Local Economies Undertaking research into existing attempts to tackle barriers and developlong term solutions to one or a combination of local economic, social, environmental and power questions, through holistic, multi-stakeholder and multi-sector initiatives. Analytical frameworks / models Research – evidence review, mapping, collecting findings Report Report More research / pilots / testing models / synthesising other evidence Network, advocacy, coms, capacity building… Practice sharing network Wider alliance Wider audience Year 1 Years 2 and 3
Types of demand outside the area Public services Non profit infrastructure Physical spacial set-up Physical resources (materials, goods) Structures Institutions Community infrastructure Environmental Economic Outcomes Power relationships Social people’s skills Relationships Systems Costs and prices people’s social capital Physical infrastructure Inward investment Types of demand within the area
Where we shop and bank Where our healthcare is Local levers National levers Where social networks are and when we meet them Where we work Where home is and how much it costs, incl. energy costs Where station / bus stop is and how much it costs Where childcare is and how much it costs Where school is Regional 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, huw.jordan@neweconomics.org for further information.
So, in London… • What are the outcomeswe 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?
