Our statement, based on two pieces of important research, explores what local authorities are getting wrong in their economic development strategies and outlines a new kind for local authorities to adopt when forming their financial strategies in future.
The statement finds that many local authorities' financial strategies are not fit for purpose. Every council should be tackling that as a matter of priority, because legislation will impose an financial Assessment Duty on councils from 2010. If councils don't rethink their approach now, they could doom true economic development and postpone recovery from the recession.
If the strategies aren't fit for purpose that CENTRE FOR LOCAL ECONOMIC STRATEGIES has been studying local trade and industry development for over twenty years, and we reckon these recent research findings are dramatic.
Here are the ten danger signs we essential to focus more on development and equality as well as growth. Most economic strategies are still fixated on growth and make the mistake in assuming financial development is synonymous with growth. We need to recognize that effective local trade and industry development procedure is also about equality and social relations.
Too heavy an emphasis is on traditional economic concerns that as well many of the strategies we seemed at focus on "hard" economics - small business start-ups, inward investment, availability of land and premises for big business rather than softer aspects such as neighborhood renewal, environmental sustainability and levels of community empowerment and participation.
This is also reflected in the Lack of consideration of social and employment issues. There is an alarming lack of bond between the market and social and employment issues, including wordlessness.
The market needs to be acknowledged in noneconomic local strategies. As its stands, surrounded by a Local
Authority Area there is a variety of non financial strategies with a relation to the economy. However, they are not strategically drawn mutually, adequately within the Sustainable Communities Strategy. As such there is a risk of inefficiency, guiding principle mismatch and require of clarity.
In particularLack of connection between trade and industry development and the land use planning. Spatial planning (Local Development Framework) and economics via the local financial strategy or sustainable community strategy are not wedded together, in all instances. This means planning is not in all cases imbued with local financial thinking and progression.
Lack of recognition of the role of the third sector in the local economic strategies did not fully recognize the role of the third sector, in all cases. They are an absolutely key facet of local economic life and the socioeconomic sphere.
The difficulty of reverse devolution the whole movement towards localism and tailored solutions has recently become dominated by the vogue for strengthening sub-regional government. This threatens correct identification of very specific local and sub-local financial issues and may damage the interests of secondary town centers and rural areas.
Lack of focus on the availability of investment capital many local trade and industry strategies have a poor recognition and associated procedure in relation to the availability of investment capital and financing more generally.
The require to foster a culture of greater innovation and risk-taking many strategies do not have a clear guiding principle on innovation, creativity and entrepreneurialism. These are key aspects of future trade and industry strength.
Finally a require of accountability and evaluation of the strategies we necessitate to always ensure there is a clear democratic, White House Chief of Staff This report, based on two pieces of primary research, explores what local authorities are getting wrong in their economic development strategies and outlines a new kind for local authorities to adopt when forming their trade and industry strategies in future.
The information finds that many local authorities' economic strategies are not fit for purpose. Every council should be tackling this as a matter of priority, because legislation will impose an economic Assessment Duty on councils from 2010. If councils don't rethink their approach now, they could doom true economic development and postpone recovery from the recession.
Why the strategies aren't fit for purpose that CENTRE FOR LOCAL ECONOMIC STRATEGIES has been studying local trade and industry development for over twenty years, and we reckon these recent research findings are dramatic.
Here are the ten danger signs we essential to focus more on development and equality as well as growth. Most economic strategies are still fixated on growth and make the mistake in assuming trade and industry development is synonymous with growth. We essential to recognize that effective local financial development procedure is also about equality and social relations.
Extremely heavy an emphasis on traditional trade and industry concerns too many of the strategies we seemed at focus on "hard" economics - small big business start-ups, inward investment, availability of land and premises for big business rather than softer aspects such as neighborhood renewal, environmental sustainability and levels of community empowerment and involvement.
That is also reflected in the lack of consideration of social and employment issues. There is an alarming require of bond between the market and social and employment issues, as well as wordlessness.
For more information of Survival economic Guide http://www.2012-com.info
Author Resource:
Osvaldo Salamanca is interested in the Emergency Disaster Preparedness. So come and visit the latest website at http://www.2012-com.info which helps people to finding out more about How To Do The Preparation For The Prediction or Phenomenon of 2012 information will help you to Get Ready.
![[Valid RSS feed]](http://www.look4articles.com/images/icon_Rss.png "XML Feed For RSS"){kind=icon}
Category Rss Feed
Print This Article
Add To Favorites
![[Valid RSS feed]](http://www.look4articles.com/images/rss.jpg "XML Feed For RSS")