Published: 28th Feb 2011

A new landscape for economic development is emerging. But is the shrinking of the state resulting in new thinking? Clare Goff reports Littering the north of England, incomplete office blocks and stalled housing development schemes await their fate. Reminders of the interventionist economic policies of governments past, they haunt the landscape like relics from another era. Economic development is at a turning point in the UK. The economic landscape is being redrawn as regional development is dismantled in favour of local partnerships. Special funding that helped generate jobs and growth has come to a screeching halt, leaving many areas in limbo. Economic development teams within councils are struggling to justify their existence as budgets come under pressure. Cracks in the corporate model are leading to the exploration of new ways of generating wealth, while the future of the traditional economic growth model is being questioned as the need for sustainability … (To read the full article, subscribe below)