This project, with the Centre for Local Economic Strategies, has been exploring the potential to create stable local economies that support strong social and environmental outcomes without economic growth. This report builds on CLES’ recent work on the ‘Future of Economic Development’ and involved a practice-led commission for local economic reform, examining the opportunities and barriers to shifting the emphasis in local economic strategy from growth to stability.
The report demonstrates how local authorities can play an active role in building a new approach to economic development, taking into account some of the big challenges that manifest in different areas. The report recommends a well-planned and sustainable funding settlement for local government. This is a vital piece of the puzzle and so much is being lost without it in communities and the public realm.