Unlocking local economies Exploring new economics in practice Rachel Laurence | Local Economies Co-ordinator |

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 and for more detailhttp://

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  Report 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.

Structures Institutions Relationships Systems Physical spacial set-up Physical infrastructure Outcomes Environmental Social Economic 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 Where school is Where childcare is and how much it costs Where station / bus stop is and how much it costs Where our healthcare is Where we work Where we shop and bank 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, for further

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?