Published: 21st Apr 2011

They’re like those London buses of legend, pre-Mayor, these coalition ‘rebalancing’ initiatives. You wait ten months for one to come along and no sooner has George Osborne announced the first tranche of new enterprise zones, much to the surprise of certain local enterprise partnerships whose job it is to choose where they will go, than the results of the first round of bidding for the Regional Growth Fund (RGF) arrive, too. Let’s start with the positives. The round 1 winners, taken together, give some limited and much-awaited substance to coalition claims that it wants to encourage economic rebalancing spatially, between the London super-region and the rest, and sectorally, between services and manufacturing, within the private sector, and between public and private sector employment. Of the 45 provisional successes named in the government’s announcement, 35 are in the three northern regions or the west midlands, in areas where public sector expansion … (To read the full article, subscribe below)