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Sustainable Cities Conference 22 November 2007 Economics forum – the economics of sustainability Professor Mark Kleinman Director, Migration and Social Research, CLG Importance of place • Globalisation driving ‘place’ as a competitive asset • Journey from manufacturing to knowledge economy • Cities need to develop clear view of their offer – economic, physical, environmental, social and cultural • Success will increasingly be defined by quality of life, sustainable development, enterprise and sense of community 2 Cities as drivers • Cities: • drive economic performance of regions and country as a whole • are where we will meet challenges of social justice and inclusion • are key to tackling climate change • Need to manage tension between these imperatives • In fact, economic growth will increasingly depend on sustainable development 3 Macro drivers play out differently in different places Globalisation Globalisation: More integrated global economy, mobile finance and footloose firms and rapid technological change Demographic change Climate change Impacts differently in places Demographic change: Growing population, ageing society, smaller households, migration Climate change: greater chance of extreme weather, need to decarbonise economy 4 The Sub-National Review • Ensure that localities and regions have the tools and incentives to respond quickly to changing economic circumstances. • All areas, including the most deprived, are able to contribute to and benefit from economic growth. 5 Three Broad Principles Managing economic development and regeneration policy at the right levels – proposes a devolved approach, giving local authorities and regions the powers to improve economic outcomes Ensuring clarity of roles at each level – clear objectives at each level with streamlined decision-making, rationalised strategies and funding streams and reduced bureaucracy Enabling places to reach their potential – an inclusive approach to developing regional strategies and incentives to promote economic growth and tackle problems in the most deprived areas 6 Reforms in four key areas •Strengthening the local authority role in economic development •Collaboration across sub-regions •Strengthening the regional tier •Clearer objectives and responsibilities within central Government 7 Strengthening the local authority role • • • • • • • • Proposal for new focused economic development duty Concordat between local and central Government Reform of NRF more intensive approach in fewer areas targeted on poorest neighbourhoods within LAs focus on worklessness Business Rate Supplement Reform of LABGI/BIDs Economic development indicators as part of LA performance management framework Delegation of RDA funding14-19 education funding to LAs Employment and skills boards 8 Collaboration across sub-regions • Multi-area agreements • CDCs • Statutory sub-regional authorities • Reformed PTAs • ESBs 9 Strengthening the regional tier • • • • • • Single integrated regional strategy – RDAs to develop, working closely with LAs Regional economic growth objective LA scrutiny of RDAs Regional Assemblies will cease to exist in their current form Expanded Regional Funding Allocations exercise More effective RDAs 10 Central Government reform • RDAs sponsored by BERR • BERR takes responsibility for regional economic performance PSA • Homes and Communities Agency sponsored by CLG • CLG to produce a clear framework for regeneration 11 Role of government • Economic assets: e.g. Regional Economic Performance PSA (BERR), clear view of role of cities and city-regions in driving performance • Human capital: education, skills, innovation • Quality of place: CLG focus e.g. Housing Green Paper, Local Government White paper, planning policy reform, 2016 target, EP, Housing Corporation, CABE, ASC 12 Responsive places • Successful places are those developing and capitalising upon their assets in the context of the macro picture • Assets should be understood broadly: physical, economic, human and social capital • Role of government is to support investment in each of these aspects, providing framework and tools for effective action at regional, sub-regional, Local Authority and neighbourhood level, to ensure sustainable economic growth 13