Developing a city deal that works for all
Wales Archives - NewStart
More of the same won’t work for places like Pontypool
With a city deal proposal in the pipeline, can south Wales forge a vision of a community-centric local economy?
I wanted to change the emphasis on the state believing it was the answer to all the country’s economic woes; I wanted to do my bit to challenge the mindset among Welsh business people that risks aren’t worth taking.
We struggled to pin down the link between the prospective City Deal the Cardiff region will soon be producing, and the outcomes we’d just collectively identified as top priorities for Cardiff’s local economy.
Wales’ relatively weak economic performance to date ought to suggest that something isn’t quite right with its approach to economic development. Yet it’s pretty much business as usual.
Resurrecting an old technology has enabled communities in Wales to chip away at a massive global problem – and provide an innovative means to regenerate otherwise isolated local communities.
The ‘global’ vision for the Cardiff Capital region and the ‘local’ vision imagined by some of the region’s academics and social entrepreneurs are not mutually exclusive.
Phil Bale is leader of Cardiff Council and is currently guiding the city as it links with neighbouring boroughs to bid for a City Deal. He talks to New Start about super-regions, time banking and building Cardiff’s social economy.
Wales has a deep tradition for community initiatives, from developing the early model for the NHS to today’s booming social enterprise industry. But can community participation be the driver of local economic change?