Bolt-on vs integrated.

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Presentation transcript:

Bolt-on vs integrated

Ideas from the Derbs/Notts Local Enterprise Partnership “An inclusive growth framework is applied to all strategic and investment decisions relating to priorities identified in the SEP.” “business-led productivity through quality jobs : firms moving up the value chain by creating quality jobs (characterised as fair pay, scope for progression and autonomy, family friendly and flexible)”

Ideas around the “Foundational economy” The goods and services we all need - health, social care, education, welfare, utilities, retail, food manufacture. 40% of UK workforce Geographically distributed Labour intensive Public, private & voluntary sector Delivers social goods -http://www.cresc.ac.uk/medialibrary/workingpapers/wp131.pdf Can everyone get a job in a high growth sector? If the goal is inclusive prosperity, is there a place for non high growth sectors to be prioritised eg care, retail, hospitality, logistics? If you measured success the right way you would value the so-called “foundational economy”…. Social care as a key economic sector. Our paper.

Ideas from previous West Mids discussions Operate economy within environmental limits - inc ‘circular economy’ Greater role of locally owned business for local impact Learning & skills for the most marginalised Greater income equality Good livelihoods Incorporate the third sector into the mainstream Less obsession with “big shiny iconic devts”: small things work too.