SlideShare uma empresa Scribd logo
1 de 6
Baixar para ler offline
Responding to the crunch

Paper should be cited as:
Pugalis, L. (2009) 'Responding to the crunch', Journal of the Institution of
Economic Development, 109, pp. 8-9.




The ‘credit crunch’ made its mark during the summer of 2007 following the
collapse of the US sub-prime mortgage market – a global economic crisis that
continues to reverberate throughout local and national economies. At the start
of this year, head-spun by the crunch, Britain officially entered recession for
the first time since 1991. In the final quarter of 2008, the economy shrank at
its fastest pace for nearly 30 years. This economic spiral continued in the first
quarter of 2009 when the economy contracted by a further 1.5%. Whilst more
recently there has been flickers of hope and renewed optimism, there is no
disguising the fact that in second quarter of 2009 the global community
entered the deepest recession since World War II. As projections of economic
contraction are feverishly debated, contested and refined on an ongoing
basis, there is no disputing the dramatic surge in unemployment across the
UK – with annual increases in job seeker allowance claimants (JSA) more
than doubling in some (significant) pockets of the country.




As practitioners, policy-makers and politicians continue to operate in such
fragile economic conditions, questions are being asked in relation to


                                       -1-
responding to the crunch and planning for the upturn. Indeed, a Government
    colleague contacted me at work the other day in a rush to gather some
    intelligence on ‘what local authorities are doing to respond to the recession’.
    Apparently, a Minister had been getting ‘quite vocal that he isn’t hearing about
    what local authorities are doing and so we’re compiling evidence of what we
    are doing to help people at the current time’. So in addition to supplying
    information about what I was doing on behalf of Durham County Council and
    the County Durham Economic Partnership, I decided to initiate a fact finding
    mission of what others are doing within the North East and further afield. A
    summary of ‘headline’ interventions supporting businesses and communities
    is contained in table 1.


    Table 1: North East Local Authority interventions

                   Support for businesses                     Support for communities

Darlington            A new Business Information Guide          The Housing Benefits Service is
                      has been produced and is being            investigating ways of targeting
                      circulated to all businesses in           Discretionary Housing Payments
                      Darlington                                (DHP) to those most in need
                      Meet the Buyer events; some of            Executed a campaign to promote the
                      which are exclusively for Darlington      availability of free school meals to
                      companies                                 eligible children
                      Supporting a number of small
                      businesses to become e-enabled,
                      thus making it easier for them to bid
                      for other public sector work
                      Compiling a Business Directory to be
                      hosted online with the aim to
                      encourage trade amongst businesses
Durham                Established an Economic Downturn          Commenced 2 year pilot project for
                      Task Force to drive forward a locally     the provision of free school meals for
                      coordinated response                      all primary school pupils
                      The Strategic Account Management          Delivering an Enhanced Housing
                      Programme operated by the County          Options Scheme which provides debt,
                      Durham Development Company                welfare rights and childcare
                      works to flag up potential problems       enhancements to the housing Advice
                      and assembles relevant partners           service
                      quickly. This programme has helped        Delivering a Mortgage Rescue
                      secure rapid response funding for         Scheme to enable Rented Sector
                      companies                                 Landlords to take equity share of
                      Initiated a Kick-Start Programme to       mortgaged properties at risk of
                      enable completion of stalled building     repossession
                      projects and mothballed regeneration      Homebuy Direct equity loan support
                      schemes                                   for first time buyers
Gateshead             Creation of Employment Zones in           Creation of a one-stop-shop for
                      Team Valley and East Gateshead            advice and support to residents
                      Offering up to 12 month rent free for     Development of a Financial Inclusion
                      some businesses in selected sites         Strategy



                                             -2-
across the borough                        Supporting the growth of 100 new
                 Freezing of rent reviews for some         social enterprise businesses
                 businesses where a sustainable            Free leisure time scheme, with further
                 economic case is made                     discounts for those in receipt of
                 Introduction of a 10 day promise for      benefits (and their dependants)
                 payment to local businesses
                 Investment in infrastructure to
                 facilitate development by undertaking
                 advance preparation and enabling
                 works on sites
Hartlepool       Re-launch of rejuvenated Hartlepool       ‘Beat the Crunch’ events, including;
                 Indoor Market with 20 disused retail      advice for job-seekers and those
                 spaces back in use. Two are to be         going into further education, money
                 used for Passions into Profit scheme;     management guidance and healthy
                 one offering a business advice drop-      eating on a budget
                 in service and the other will be
                 available to pre-start-up businesses
                 free of charge on a revolving 4-week
                 basis, enabling them to test out their
                 business ideas
                 Hartlepool Working Solutions helps
                 people and businesses to maximise
                 employment and self-employment
                 opportunities through training, pre-
                 recruitment solutions, work trials,
                 placements, job creation and
                 apprenticeship subsidies, enterprise
                 grants, and redundancy support
                 packages
Middlesbrough    Business health checks – both on-line     Work with housing association
                 and in person                             partners to monitor and mitigate rise
                 Supporting small businesses to            in homelessness applications
                 improve ‘pitching’ and negotiating
                 skills to enable them to convert more
                 opportunities into contracts
                 Targeted support for businesses
                 under the VAT threshold, to support
                 them through the first critical
                 expansion phase
Newcastle-       Actively promoting the Small              Help to first time buyers through
upon-Tyne        Business Rate Relief                      providing a range of mortgage
                 Making maximum use of business            products to local residents (e.g.
                 premises which would otherwise            shared equity, increasing equity and
                 remain vacant                             ‘try before you buy’ schemes)
                 Additional capital investment of over     Launched a benefit take-up campaign
                 £21m on infrastructure and                providing information on entitlement
                 regeneration projects over the next 3     to households that may be eligible
                 years
North Tyneside   Where possible, BACS payments are         Established a Skills and Employment
                 made directly into suppliers’ bank        Response Group
                 accounts                                  Working with the Pension Service to
                 Self-billing has been introduced with a   cross-match data and identify
                 number of suppliers to simplify and       residents that may be entitled to
                 speed up payment, which takes the         additional benefits and promoting
                 form of an electronic invoice paid on     their take-up, involving the
                 receipt of the goods/services             appointment of an additional Welfare
                 Purchasing cards have been                Benefits Advisor to increase capacity
                 introduced as a means of payment
                 with suppliers who generate a high



                                         -3-
volume of low value invoices, so that
                    suppliers are paid within 4 days
Northumberlan       Helping to sustain existing local         Increasing the number of
d                   Business Forums and encouraging           apprenticeships offered by the
                    the establishment of the                  authority, whilst also broadening the
                    Northumberland Business Network           range of apprenticeships on offer
                    Investment in local institutions, such    Implementation of a pre-
                    as Northern Rock                          apprenticeship scheme to support
                    Encouraging the employment of local       people from priority
                    labour and local businesses by            groups/neighbourhoods to compete
                    identifying opportunities to increase     for full apprenticeships
                    the use of the ‘local labour clause’ in   Continue to invest in the Warm Zone
                    appropriate council tenders               initiative to reduce the impact of fuel
                    Maintaining support for the               poverty
                    community/voluntary sector during         Produced a Handy Tips Guide setting
                    2009-10 to retain local capacity          out advice to individuals to minimise
                                                              the impact of the recession
Redcar and          Established a reporting protocol          Credit Union Funding
Cleveland           called Economic Snapshots to              Providing Beat the Credit Crunch
                    monitor key trends                        advice
                    Held Business Support Events
                    Manage the Uplifting Town Centres
                    grants and loan scheme, Enterprise
                    Fund and an Accelerated Capital
                    Programme
South                Established a Leaders Forum with         Launched a Financial Inclusion
Tyneside             representatives from retail,             Champions Team
                     commerce and training sectors            Established the Making Headway
                     Activated a Business Support             Service (until 2011) targeted in six
                     Package                                  locations to get at least 500 people a
                                                              year into work
Stockton-on-        Seeking to reduce the number of           Referral process with Stockton
Tees                days it takes to make invoice             District Advice & Information Service
                    payments                                  for help with debt advice
                    Government information, materials         Using discretionary housing benefit
                    and response packages are being           payments to safeguard housing for
                    promoted through business                 those most in need
                    engagement visits, a regular E-           Piloting Skills Swap sessions
                    Business bulletin, and as part of
                    business workshops being arranged
Sunderland          Created a single point of contact for     Aiming to double the intake of
                    initial business support enquiries        apprentices
                    Working with partners to produce a        Produced a comprehensive social
                    single package of business support        benefits guide
                    offer



   It quickly became apparent that local authorities are tweaking services and
   support rather than responding to the crunch head-on. Some key themes
   emerged from the North East audit; highlighting that business support
   packages are high on the agenda of local authorities, as is local procurement,
   capital investment, apprenticeships, promotion, awareness raising and advice
   activities. With the exception of a few notable examples of local innovation,



                                             -4-
such as Essex County Council who are pioneering the ‘Bank of Essex’ and
Transition Town in Lambeth circulating the ‘Brixton Pound’, responses, to
date at least, by local authorities have tended to focus on things that they did
before, but are perhaps doing it a little better now or with a bit more urgency
and impetus. This is to be commended – the majority of local authorities are
intervening in areas (both spatially and sectorally) which they ‘know’ they can
deliver results.




Source: The B£ group



On the whole, local authorities have been pragmatic in responding to the
crunch: doing what they can and working in partnership with other


                                      -5-
organisations, such as Regional Development Agencies and Business Link.
Yet, with public sector budgets expected to be significantly squeezed over the
next decade, with both Labour and the Conservatives announcing that cuts
will have to be made, when should we expect an economic recovery and how
can we plan for it? Will QUANGO’s, such as the Regional Development
Agencies, be around under a Conservative-led State? And if not, what
economic tools and resources will local authorities be offered beyond a duty to
produce an Economic Assessment? Indeed, what use is knowledge of local
economic needs and opportunities if the tools and resources are not also in
place to deliver interventions?




                                     -6-

Mais conteúdo relacionado

Semelhante a 2009 responding to the crunch

13155 kingston business bulletin may 2015 fa web
13155 kingston business bulletin may 2015 fa web13155 kingston business bulletin may 2015 fa web
13155 kingston business bulletin may 2015 fa webAngela Stubbs
 
Business Growth Hub - Business Support
Business Growth Hub - Business SupportBusiness Growth Hub - Business Support
Business Growth Hub - Business SupportThe Pathway Group
 
Finance in Cornwall 2019 - Session 2b
Finance in Cornwall 2019 - Session 2bFinance in Cornwall 2019 - Session 2b
Finance in Cornwall 2019 - Session 2bPKF Francis Clark
 
C2 fee for service blair sebastian - nys rural hsg coalition
C2 fee for service   blair sebastian - nys rural hsg coalitionC2 fee for service   blair sebastian - nys rural hsg coalition
C2 fee for service blair sebastian - nys rural hsg coalitionHousing Assistance Council
 
iStart feature: How to hatch your bjusiness idea: A guide to A/NZ incubators ...
iStart feature: How to hatch your bjusiness idea: A guide to A/NZ incubators ...iStart feature: How to hatch your bjusiness idea: A guide to A/NZ incubators ...
iStart feature: How to hatch your bjusiness idea: A guide to A/NZ incubators ...Hayden McCall
 
Kingston Business Bulletin Final Vol 4 Nov 2011
Kingston Business Bulletin  Final Vol 4  Nov 2011Kingston Business Bulletin  Final Vol 4  Nov 2011
Kingston Business Bulletin Final Vol 4 Nov 2011Angela Stubbs
 
D2N2 Growth Hub Partner Presentations
D2N2 Growth Hub Partner PresentationsD2N2 Growth Hub Partner Presentations
D2N2 Growth Hub Partner PresentationsD2N2lep
 
Transnet enterprise development hub Saldanha - 2015
Transnet enterprise development hub  Saldanha - 2015Transnet enterprise development hub  Saldanha - 2015
Transnet enterprise development hub Saldanha - 2015Transnet Port Terminals
 
Business Gateway Tayside Proposal - Redacted*
Business Gateway Tayside Proposal - Redacted*Business Gateway Tayside Proposal - Redacted*
Business Gateway Tayside Proposal - Redacted*Andrew McCurrach
 
What Does The Future Hold For Economic Development And Regeneration V2
What Does The Future Hold For Economic Development And Regeneration V2What Does The Future Hold For Economic Development And Regeneration V2
What Does The Future Hold For Economic Development And Regeneration V2Ged Mirfin
 
Presentation to JEI 300914
Presentation to JEI 300914Presentation to JEI 300914
Presentation to JEI 300914Jim Copeland
 
2001 CFED Annual Report
2001 CFED Annual Report2001 CFED Annual Report
2001 CFED Annual ReportCFED
 
April 2012 randomized evaluation sme access to finance
April 2012   randomized evaluation sme access to financeApril 2012   randomized evaluation sme access to finance
April 2012 randomized evaluation sme access to financeDFickett
 
Finance in Cornwall 2017 - Established (>2 Years) Session
Finance in Cornwall 2017 - Established (>2 Years) Session Finance in Cornwall 2017 - Established (>2 Years) Session
Finance in Cornwall 2017 - Established (>2 Years) Session PKF Francis Clark
 
Treating Customers Fairly is a Strategic Matter
Treating Customers Fairly is a Strategic MatterTreating Customers Fairly is a Strategic Matter
Treating Customers Fairly is a Strategic MatterStephenRosling
 

Semelhante a 2009 responding to the crunch (20)

13155 kingston business bulletin may 2015 fa web
13155 kingston business bulletin may 2015 fa web13155 kingston business bulletin may 2015 fa web
13155 kingston business bulletin may 2015 fa web
 
Business Growth Hub - Business Support
Business Growth Hub - Business SupportBusiness Growth Hub - Business Support
Business Growth Hub - Business Support
 
Finance in Cornwall 2019 - Session 2b
Finance in Cornwall 2019 - Session 2bFinance in Cornwall 2019 - Session 2b
Finance in Cornwall 2019 - Session 2b
 
C2 fee for service blair sebastian - nys rural hsg coalition
C2 fee for service   blair sebastian - nys rural hsg coalitionC2 fee for service   blair sebastian - nys rural hsg coalition
C2 fee for service blair sebastian - nys rural hsg coalition
 
iStart feature: How to hatch your bjusiness idea: A guide to A/NZ incubators ...
iStart feature: How to hatch your bjusiness idea: A guide to A/NZ incubators ...iStart feature: How to hatch your bjusiness idea: A guide to A/NZ incubators ...
iStart feature: How to hatch your bjusiness idea: A guide to A/NZ incubators ...
 
Kingston Business Bulletin Final Vol 4 Nov 2011
Kingston Business Bulletin  Final Vol 4  Nov 2011Kingston Business Bulletin  Final Vol 4  Nov 2011
Kingston Business Bulletin Final Vol 4 Nov 2011
 
Managing benefits at the DVLA
Managing benefits at the DVLAManaging benefits at the DVLA
Managing benefits at the DVLA
 
D2N2 Growth Hub Partner Presentations
D2N2 Growth Hub Partner PresentationsD2N2 Growth Hub Partner Presentations
D2N2 Growth Hub Partner Presentations
 
Transnet enterprise development hub Saldanha - 2015
Transnet enterprise development hub  Saldanha - 2015Transnet enterprise development hub  Saldanha - 2015
Transnet enterprise development hub Saldanha - 2015
 
Business Gateway Tayside Proposal - Redacted*
Business Gateway Tayside Proposal - Redacted*Business Gateway Tayside Proposal - Redacted*
Business Gateway Tayside Proposal - Redacted*
 
South Africa BPM Workshop
South Africa BPM WorkshopSouth Africa BPM Workshop
South Africa BPM Workshop
 
What Does The Future Hold For Economic Development And Regeneration V2
What Does The Future Hold For Economic Development And Regeneration V2What Does The Future Hold For Economic Development And Regeneration V2
What Does The Future Hold For Economic Development And Regeneration V2
 
Presentation to JEI 300914
Presentation to JEI 300914Presentation to JEI 300914
Presentation to JEI 300914
 
2001 CFED Annual Report
2001 CFED Annual Report2001 CFED Annual Report
2001 CFED Annual Report
 
BUSINESS PLAN.pptx
BUSINESS PLAN.pptxBUSINESS PLAN.pptx
BUSINESS PLAN.pptx
 
April 2012 randomized evaluation sme access to finance
April 2012   randomized evaluation sme access to financeApril 2012   randomized evaluation sme access to finance
April 2012 randomized evaluation sme access to finance
 
Finance in Cornwall 2017 - Established (>2 Years) Session
Finance in Cornwall 2017 - Established (>2 Years) Session Finance in Cornwall 2017 - Established (>2 Years) Session
Finance in Cornwall 2017 - Established (>2 Years) Session
 
From Potential to Action: REDF's Pay for Success Proposal
From Potential to Action: REDF's Pay for Success ProposalFrom Potential to Action: REDF's Pay for Success Proposal
From Potential to Action: REDF's Pay for Success Proposal
 
Business planning
Business planning Business planning
Business planning
 
Treating Customers Fairly is a Strategic Matter
Treating Customers Fairly is a Strategic MatterTreating Customers Fairly is a Strategic Matter
Treating Customers Fairly is a Strategic Matter
 

Mais de Lee Pugalis

BIS LEPs and RGF inquiry pugalis bentley gibbons shutt
BIS LEPs and RGF inquiry   pugalis bentley gibbons shuttBIS LEPs and RGF inquiry   pugalis bentley gibbons shutt
BIS LEPs and RGF inquiry pugalis bentley gibbons shuttLee Pugalis
 
New directions in economic development localism act bentley and pugalis
New directions in economic development localism act   bentley and pugalisNew directions in economic development localism act   bentley and pugalis
New directions in economic development localism act bentley and pugalisLee Pugalis
 
2012 After Regions: what next for LEPs - Pugalis and Shutt
2012   After Regions: what next for LEPs - Pugalis and Shutt2012   After Regions: what next for LEPs - Pugalis and Shutt
2012 After Regions: what next for LEPs - Pugalis and ShuttLee Pugalis
 
2009 The culture and economics of urban public space design public and profes...
2009 The culture and economics of urban public space design public and profes...2009 The culture and economics of urban public space design public and profes...
2009 The culture and economics of urban public space design public and profes...Lee Pugalis
 
2009 SNR a story of compromise - pugalis
2009 SNR a story of compromise - pugalis2009 SNR a story of compromise - pugalis
2009 SNR a story of compromise - pugalisLee Pugalis
 
2009 rewriting the rule book - pugalis
2009   rewriting the rule book - pugalis2009   rewriting the rule book - pugalis
2009 rewriting the rule book - pugalisLee Pugalis
 
2009 cultural animation and economic vitality identifying the links and reg...
2009   cultural animation and economic vitality identifying the links and reg...2009   cultural animation and economic vitality identifying the links and reg...
2009 cultural animation and economic vitality identifying the links and reg...Lee Pugalis
 
2009 a cost in planning for prosperous economies - pugalis and martin
2009   a cost in planning for prosperous economies - pugalis and martin2009   a cost in planning for prosperous economies - pugalis and martin
2009 a cost in planning for prosperous economies - pugalis and martinLee Pugalis
 
2008 regeneration through place quality the case of seven stories - pugalis
2008   regeneration through place quality the case of seven stories - pugalis2008   regeneration through place quality the case of seven stories - pugalis
2008 regeneration through place quality the case of seven stories - pugalisLee Pugalis
 
2008 a framework for regeneration more questions than answers - pugalis
2008 a framework for regeneration more questions than answers - pugalis2008 a framework for regeneration more questions than answers - pugalis
2008 a framework for regeneration more questions than answers - pugalisLee Pugalis
 
2010 Can LEPs fill the strategic void? - pugalis and townsend
2010 Can LEPs fill the strategic void?  - pugalis and townsend2010 Can LEPs fill the strategic void?  - pugalis and townsend
2010 Can LEPs fill the strategic void? - pugalis and townsendLee Pugalis
 
2011 Regeneration 'ConDemned'? - Pugalis
2011 Regeneration 'ConDemned'? - Pugalis2011 Regeneration 'ConDemned'? - Pugalis
2011 Regeneration 'ConDemned'? - PugalisLee Pugalis
 
2011 network interference - pugalis and gibbons
2011   network interference - pugalis and gibbons2011   network interference - pugalis and gibbons
2011 network interference - pugalis and gibbonsLee Pugalis
 
2010 its all about place shaping - pugalis
2010   its all about place shaping - pugalis2010   its all about place shaping - pugalis
2010 its all about place shaping - pugalisLee Pugalis
 
2010 The incremental renaissance of the historic city of durham
2010   The incremental renaissance of the historic city of durham2010   The incremental renaissance of the historic city of durham
2010 The incremental renaissance of the historic city of durhamLee Pugalis
 
2012 evolutionary waves of place-shaping pre during and post recession - pu...
2012   evolutionary waves of place-shaping pre during and post recession - pu...2012   evolutionary waves of place-shaping pre during and post recession - pu...
2012 evolutionary waves of place-shaping pre during and post recession - pu...Lee Pugalis
 
2012 the cultural life of public spaces - pugalis
2012   the cultural life of public spaces - pugalis2012   the cultural life of public spaces - pugalis
2012 the cultural life of public spaces - pugalisLee Pugalis
 
2012 au revoir regions where now for eu funding - pugalis and fisher
2012   au revoir regions where now for eu funding - pugalis and fisher2012   au revoir regions where now for eu funding - pugalis and fisher
2012 au revoir regions where now for eu funding - pugalis and fisherLee Pugalis
 
2012 chalk and cheese - Pugalis et al
2012  chalk and cheese - Pugalis et al2012  chalk and cheese - Pugalis et al
2012 chalk and cheese - Pugalis et alLee Pugalis
 
2011- English regions disbanded: European funding and economic regeneration i...
2011- English regions disbanded: European funding and economic regeneration i...2011- English regions disbanded: European funding and economic regeneration i...
2011- English regions disbanded: European funding and economic regeneration i...Lee Pugalis
 

Mais de Lee Pugalis (20)

BIS LEPs and RGF inquiry pugalis bentley gibbons shutt
BIS LEPs and RGF inquiry   pugalis bentley gibbons shuttBIS LEPs and RGF inquiry   pugalis bentley gibbons shutt
BIS LEPs and RGF inquiry pugalis bentley gibbons shutt
 
New directions in economic development localism act bentley and pugalis
New directions in economic development localism act   bentley and pugalisNew directions in economic development localism act   bentley and pugalis
New directions in economic development localism act bentley and pugalis
 
2012 After Regions: what next for LEPs - Pugalis and Shutt
2012   After Regions: what next for LEPs - Pugalis and Shutt2012   After Regions: what next for LEPs - Pugalis and Shutt
2012 After Regions: what next for LEPs - Pugalis and Shutt
 
2009 The culture and economics of urban public space design public and profes...
2009 The culture and economics of urban public space design public and profes...2009 The culture and economics of urban public space design public and profes...
2009 The culture and economics of urban public space design public and profes...
 
2009 SNR a story of compromise - pugalis
2009 SNR a story of compromise - pugalis2009 SNR a story of compromise - pugalis
2009 SNR a story of compromise - pugalis
 
2009 rewriting the rule book - pugalis
2009   rewriting the rule book - pugalis2009   rewriting the rule book - pugalis
2009 rewriting the rule book - pugalis
 
2009 cultural animation and economic vitality identifying the links and reg...
2009   cultural animation and economic vitality identifying the links and reg...2009   cultural animation and economic vitality identifying the links and reg...
2009 cultural animation and economic vitality identifying the links and reg...
 
2009 a cost in planning for prosperous economies - pugalis and martin
2009   a cost in planning for prosperous economies - pugalis and martin2009   a cost in planning for prosperous economies - pugalis and martin
2009 a cost in planning for prosperous economies - pugalis and martin
 
2008 regeneration through place quality the case of seven stories - pugalis
2008   regeneration through place quality the case of seven stories - pugalis2008   regeneration through place quality the case of seven stories - pugalis
2008 regeneration through place quality the case of seven stories - pugalis
 
2008 a framework for regeneration more questions than answers - pugalis
2008 a framework for regeneration more questions than answers - pugalis2008 a framework for regeneration more questions than answers - pugalis
2008 a framework for regeneration more questions than answers - pugalis
 
2010 Can LEPs fill the strategic void? - pugalis and townsend
2010 Can LEPs fill the strategic void?  - pugalis and townsend2010 Can LEPs fill the strategic void?  - pugalis and townsend
2010 Can LEPs fill the strategic void? - pugalis and townsend
 
2011 Regeneration 'ConDemned'? - Pugalis
2011 Regeneration 'ConDemned'? - Pugalis2011 Regeneration 'ConDemned'? - Pugalis
2011 Regeneration 'ConDemned'? - Pugalis
 
2011 network interference - pugalis and gibbons
2011   network interference - pugalis and gibbons2011   network interference - pugalis and gibbons
2011 network interference - pugalis and gibbons
 
2010 its all about place shaping - pugalis
2010   its all about place shaping - pugalis2010   its all about place shaping - pugalis
2010 its all about place shaping - pugalis
 
2010 The incremental renaissance of the historic city of durham
2010   The incremental renaissance of the historic city of durham2010   The incremental renaissance of the historic city of durham
2010 The incremental renaissance of the historic city of durham
 
2012 evolutionary waves of place-shaping pre during and post recession - pu...
2012   evolutionary waves of place-shaping pre during and post recession - pu...2012   evolutionary waves of place-shaping pre during and post recession - pu...
2012 evolutionary waves of place-shaping pre during and post recession - pu...
 
2012 the cultural life of public spaces - pugalis
2012   the cultural life of public spaces - pugalis2012   the cultural life of public spaces - pugalis
2012 the cultural life of public spaces - pugalis
 
2012 au revoir regions where now for eu funding - pugalis and fisher
2012   au revoir regions where now for eu funding - pugalis and fisher2012   au revoir regions where now for eu funding - pugalis and fisher
2012 au revoir regions where now for eu funding - pugalis and fisher
 
2012 chalk and cheese - Pugalis et al
2012  chalk and cheese - Pugalis et al2012  chalk and cheese - Pugalis et al
2012 chalk and cheese - Pugalis et al
 
2011- English regions disbanded: European funding and economic regeneration i...
2011- English regions disbanded: European funding and economic regeneration i...2011- English regions disbanded: European funding and economic regeneration i...
2011- English regions disbanded: European funding and economic regeneration i...
 

Último

Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdf
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdfChicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdf
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdfSourav Sikder
 
Fabric RFID Wristbands in Ireland for Events and Festivals
Fabric RFID Wristbands in Ireland for Events and FestivalsFabric RFID Wristbands in Ireland for Events and Festivals
Fabric RFID Wristbands in Ireland for Events and FestivalsWristbands Ireland
 
7movierulz.uk
7movierulz.uk7movierulz.uk
7movierulz.ukaroemirsr
 
Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024Borderless Access
 
PDT 89 - $1.4M - Seed - Plantee Innovations.pdf
PDT 89 - $1.4M - Seed - Plantee Innovations.pdfPDT 89 - $1.4M - Seed - Plantee Innovations.pdf
PDT 89 - $1.4M - Seed - Plantee Innovations.pdfHajeJanKamps
 
Graham and Doddsville - Issue 1 - Winter 2006 (1).pdf
Graham and Doddsville - Issue 1 - Winter 2006 (1).pdfGraham and Doddsville - Issue 1 - Winter 2006 (1).pdf
Graham and Doddsville - Issue 1 - Winter 2006 (1).pdfAnhNguyen97152
 
Plano de marketing- inglês em formato ppt
Plano de marketing- inglês  em formato pptPlano de marketing- inglês  em formato ppt
Plano de marketing- inglês em formato pptElizangelaSoaresdaCo
 
HELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptx
HELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptxHELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptx
HELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptxHelene Heckrotte
 
Developing Coaching Skills: Mine, Yours, Ours
Developing Coaching Skills: Mine, Yours, OursDeveloping Coaching Skills: Mine, Yours, Ours
Developing Coaching Skills: Mine, Yours, OursKaiNexus
 
Anyhr.io | Presentation HR&Recruiting agency
Anyhr.io | Presentation HR&Recruiting agencyAnyhr.io | Presentation HR&Recruiting agency
Anyhr.io | Presentation HR&Recruiting agencyHanna Klim
 
Data skills for Agile Teams- Killing story points
Data skills for Agile Teams- Killing story pointsData skills for Agile Teams- Killing story points
Data skills for Agile Teams- Killing story pointsyasinnathani
 
IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...
IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...
IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...AustraliaChapterIIBA
 
Upgrade Your Banking Experience with Advanced Core Banking Applications
Upgrade Your Banking Experience with Advanced Core Banking ApplicationsUpgrade Your Banking Experience with Advanced Core Banking Applications
Upgrade Your Banking Experience with Advanced Core Banking ApplicationsIntellect Design Arena Ltd
 
NewBase 25 March 2024 Energy News issue - 1710 by Khaled Al Awadi_compress...
NewBase  25 March  2024  Energy News issue - 1710 by Khaled Al Awadi_compress...NewBase  25 March  2024  Energy News issue - 1710 by Khaled Al Awadi_compress...
NewBase 25 March 2024 Energy News issue - 1710 by Khaled Al Awadi_compress...Khaled Al Awadi
 
Intellectual Property Licensing Examples
Intellectual Property Licensing ExamplesIntellectual Property Licensing Examples
Intellectual Property Licensing Examplesamberjiles31
 
Ethical stalking by Mark Williams. UpliftLive 2024
Ethical stalking by Mark Williams. UpliftLive 2024Ethical stalking by Mark Williams. UpliftLive 2024
Ethical stalking by Mark Williams. UpliftLive 2024Winbusinessin
 
Project Brief & Information Architecture Report
Project Brief & Information Architecture ReportProject Brief & Information Architecture Report
Project Brief & Information Architecture Reportamberjiles31
 
BCE24 | Virtual Brand Ambassadors: Making Brands Personal - John Meulemans
BCE24 | Virtual Brand Ambassadors: Making Brands Personal - John MeulemansBCE24 | Virtual Brand Ambassadors: Making Brands Personal - John Meulemans
BCE24 | Virtual Brand Ambassadors: Making Brands Personal - John MeulemansBBPMedia1
 
NASA CoCEI Scaling Strategy - November 2023
NASA CoCEI Scaling Strategy - November 2023NASA CoCEI Scaling Strategy - November 2023
NASA CoCEI Scaling Strategy - November 2023Steve Rader
 

Último (20)

Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdf
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdfChicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdf
Chicago Medical Malpractice Lawyer Chicago Medical Malpractice Lawyer.pdf
 
Fabric RFID Wristbands in Ireland for Events and Festivals
Fabric RFID Wristbands in Ireland for Events and FestivalsFabric RFID Wristbands in Ireland for Events and Festivals
Fabric RFID Wristbands in Ireland for Events and Festivals
 
Investment Opportunity for Thailand's Automotive & EV Industries
Investment Opportunity for Thailand's Automotive & EV IndustriesInvestment Opportunity for Thailand's Automotive & EV Industries
Investment Opportunity for Thailand's Automotive & EV Industries
 
7movierulz.uk
7movierulz.uk7movierulz.uk
7movierulz.uk
 
Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024
 
PDT 89 - $1.4M - Seed - Plantee Innovations.pdf
PDT 89 - $1.4M - Seed - Plantee Innovations.pdfPDT 89 - $1.4M - Seed - Plantee Innovations.pdf
PDT 89 - $1.4M - Seed - Plantee Innovations.pdf
 
Graham and Doddsville - Issue 1 - Winter 2006 (1).pdf
Graham and Doddsville - Issue 1 - Winter 2006 (1).pdfGraham and Doddsville - Issue 1 - Winter 2006 (1).pdf
Graham and Doddsville - Issue 1 - Winter 2006 (1).pdf
 
Plano de marketing- inglês em formato ppt
Plano de marketing- inglês  em formato pptPlano de marketing- inglês  em formato ppt
Plano de marketing- inglês em formato ppt
 
HELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptx
HELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptxHELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptx
HELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptx
 
Developing Coaching Skills: Mine, Yours, Ours
Developing Coaching Skills: Mine, Yours, OursDeveloping Coaching Skills: Mine, Yours, Ours
Developing Coaching Skills: Mine, Yours, Ours
 
Anyhr.io | Presentation HR&Recruiting agency
Anyhr.io | Presentation HR&Recruiting agencyAnyhr.io | Presentation HR&Recruiting agency
Anyhr.io | Presentation HR&Recruiting agency
 
Data skills for Agile Teams- Killing story points
Data skills for Agile Teams- Killing story pointsData skills for Agile Teams- Killing story points
Data skills for Agile Teams- Killing story points
 
IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...
IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...
IIBA® Melbourne - Navigating Business Analysis - Excellence for Career Growth...
 
Upgrade Your Banking Experience with Advanced Core Banking Applications
Upgrade Your Banking Experience with Advanced Core Banking ApplicationsUpgrade Your Banking Experience with Advanced Core Banking Applications
Upgrade Your Banking Experience with Advanced Core Banking Applications
 
NewBase 25 March 2024 Energy News issue - 1710 by Khaled Al Awadi_compress...
NewBase  25 March  2024  Energy News issue - 1710 by Khaled Al Awadi_compress...NewBase  25 March  2024  Energy News issue - 1710 by Khaled Al Awadi_compress...
NewBase 25 March 2024 Energy News issue - 1710 by Khaled Al Awadi_compress...
 
Intellectual Property Licensing Examples
Intellectual Property Licensing ExamplesIntellectual Property Licensing Examples
Intellectual Property Licensing Examples
 
Ethical stalking by Mark Williams. UpliftLive 2024
Ethical stalking by Mark Williams. UpliftLive 2024Ethical stalking by Mark Williams. UpliftLive 2024
Ethical stalking by Mark Williams. UpliftLive 2024
 
Project Brief & Information Architecture Report
Project Brief & Information Architecture ReportProject Brief & Information Architecture Report
Project Brief & Information Architecture Report
 
BCE24 | Virtual Brand Ambassadors: Making Brands Personal - John Meulemans
BCE24 | Virtual Brand Ambassadors: Making Brands Personal - John MeulemansBCE24 | Virtual Brand Ambassadors: Making Brands Personal - John Meulemans
BCE24 | Virtual Brand Ambassadors: Making Brands Personal - John Meulemans
 
NASA CoCEI Scaling Strategy - November 2023
NASA CoCEI Scaling Strategy - November 2023NASA CoCEI Scaling Strategy - November 2023
NASA CoCEI Scaling Strategy - November 2023
 

2009 responding to the crunch

  • 1. Responding to the crunch Paper should be cited as: Pugalis, L. (2009) 'Responding to the crunch', Journal of the Institution of Economic Development, 109, pp. 8-9. The ‘credit crunch’ made its mark during the summer of 2007 following the collapse of the US sub-prime mortgage market – a global economic crisis that continues to reverberate throughout local and national economies. At the start of this year, head-spun by the crunch, Britain officially entered recession for the first time since 1991. In the final quarter of 2008, the economy shrank at its fastest pace for nearly 30 years. This economic spiral continued in the first quarter of 2009 when the economy contracted by a further 1.5%. Whilst more recently there has been flickers of hope and renewed optimism, there is no disguising the fact that in second quarter of 2009 the global community entered the deepest recession since World War II. As projections of economic contraction are feverishly debated, contested and refined on an ongoing basis, there is no disputing the dramatic surge in unemployment across the UK – with annual increases in job seeker allowance claimants (JSA) more than doubling in some (significant) pockets of the country. As practitioners, policy-makers and politicians continue to operate in such fragile economic conditions, questions are being asked in relation to -1-
  • 2. responding to the crunch and planning for the upturn. Indeed, a Government colleague contacted me at work the other day in a rush to gather some intelligence on ‘what local authorities are doing to respond to the recession’. Apparently, a Minister had been getting ‘quite vocal that he isn’t hearing about what local authorities are doing and so we’re compiling evidence of what we are doing to help people at the current time’. So in addition to supplying information about what I was doing on behalf of Durham County Council and the County Durham Economic Partnership, I decided to initiate a fact finding mission of what others are doing within the North East and further afield. A summary of ‘headline’ interventions supporting businesses and communities is contained in table 1. Table 1: North East Local Authority interventions Support for businesses Support for communities Darlington A new Business Information Guide The Housing Benefits Service is has been produced and is being investigating ways of targeting circulated to all businesses in Discretionary Housing Payments Darlington (DHP) to those most in need Meet the Buyer events; some of Executed a campaign to promote the which are exclusively for Darlington availability of free school meals to companies eligible children Supporting a number of small businesses to become e-enabled, thus making it easier for them to bid for other public sector work Compiling a Business Directory to be hosted online with the aim to encourage trade amongst businesses Durham Established an Economic Downturn Commenced 2 year pilot project for Task Force to drive forward a locally the provision of free school meals for coordinated response all primary school pupils The Strategic Account Management Delivering an Enhanced Housing Programme operated by the County Options Scheme which provides debt, Durham Development Company welfare rights and childcare works to flag up potential problems enhancements to the housing Advice and assembles relevant partners service quickly. This programme has helped Delivering a Mortgage Rescue secure rapid response funding for Scheme to enable Rented Sector companies Landlords to take equity share of Initiated a Kick-Start Programme to mortgaged properties at risk of enable completion of stalled building repossession projects and mothballed regeneration Homebuy Direct equity loan support schemes for first time buyers Gateshead Creation of Employment Zones in Creation of a one-stop-shop for Team Valley and East Gateshead advice and support to residents Offering up to 12 month rent free for Development of a Financial Inclusion some businesses in selected sites Strategy -2-
  • 3. across the borough Supporting the growth of 100 new Freezing of rent reviews for some social enterprise businesses businesses where a sustainable Free leisure time scheme, with further economic case is made discounts for those in receipt of Introduction of a 10 day promise for benefits (and their dependants) payment to local businesses Investment in infrastructure to facilitate development by undertaking advance preparation and enabling works on sites Hartlepool Re-launch of rejuvenated Hartlepool ‘Beat the Crunch’ events, including; Indoor Market with 20 disused retail advice for job-seekers and those spaces back in use. Two are to be going into further education, money used for Passions into Profit scheme; management guidance and healthy one offering a business advice drop- eating on a budget in service and the other will be available to pre-start-up businesses free of charge on a revolving 4-week basis, enabling them to test out their business ideas Hartlepool Working Solutions helps people and businesses to maximise employment and self-employment opportunities through training, pre- recruitment solutions, work trials, placements, job creation and apprenticeship subsidies, enterprise grants, and redundancy support packages Middlesbrough Business health checks – both on-line Work with housing association and in person partners to monitor and mitigate rise Supporting small businesses to in homelessness applications improve ‘pitching’ and negotiating skills to enable them to convert more opportunities into contracts Targeted support for businesses under the VAT threshold, to support them through the first critical expansion phase Newcastle- Actively promoting the Small Help to first time buyers through upon-Tyne Business Rate Relief providing a range of mortgage Making maximum use of business products to local residents (e.g. premises which would otherwise shared equity, increasing equity and remain vacant ‘try before you buy’ schemes) Additional capital investment of over Launched a benefit take-up campaign £21m on infrastructure and providing information on entitlement regeneration projects over the next 3 to households that may be eligible years North Tyneside Where possible, BACS payments are Established a Skills and Employment made directly into suppliers’ bank Response Group accounts Working with the Pension Service to Self-billing has been introduced with a cross-match data and identify number of suppliers to simplify and residents that may be entitled to speed up payment, which takes the additional benefits and promoting form of an electronic invoice paid on their take-up, involving the receipt of the goods/services appointment of an additional Welfare Purchasing cards have been Benefits Advisor to increase capacity introduced as a means of payment with suppliers who generate a high -3-
  • 4. volume of low value invoices, so that suppliers are paid within 4 days Northumberlan Helping to sustain existing local Increasing the number of d Business Forums and encouraging apprenticeships offered by the the establishment of the authority, whilst also broadening the Northumberland Business Network range of apprenticeships on offer Investment in local institutions, such Implementation of a pre- as Northern Rock apprenticeship scheme to support Encouraging the employment of local people from priority labour and local businesses by groups/neighbourhoods to compete identifying opportunities to increase for full apprenticeships the use of the ‘local labour clause’ in Continue to invest in the Warm Zone appropriate council tenders initiative to reduce the impact of fuel Maintaining support for the poverty community/voluntary sector during Produced a Handy Tips Guide setting 2009-10 to retain local capacity out advice to individuals to minimise the impact of the recession Redcar and Established a reporting protocol Credit Union Funding Cleveland called Economic Snapshots to Providing Beat the Credit Crunch monitor key trends advice Held Business Support Events Manage the Uplifting Town Centres grants and loan scheme, Enterprise Fund and an Accelerated Capital Programme South Established a Leaders Forum with Launched a Financial Inclusion Tyneside representatives from retail, Champions Team commerce and training sectors Established the Making Headway Activated a Business Support Service (until 2011) targeted in six Package locations to get at least 500 people a year into work Stockton-on- Seeking to reduce the number of Referral process with Stockton Tees days it takes to make invoice District Advice & Information Service payments for help with debt advice Government information, materials Using discretionary housing benefit and response packages are being payments to safeguard housing for promoted through business those most in need engagement visits, a regular E- Piloting Skills Swap sessions Business bulletin, and as part of business workshops being arranged Sunderland Created a single point of contact for Aiming to double the intake of initial business support enquiries apprentices Working with partners to produce a Produced a comprehensive social single package of business support benefits guide offer It quickly became apparent that local authorities are tweaking services and support rather than responding to the crunch head-on. Some key themes emerged from the North East audit; highlighting that business support packages are high on the agenda of local authorities, as is local procurement, capital investment, apprenticeships, promotion, awareness raising and advice activities. With the exception of a few notable examples of local innovation, -4-
  • 5. such as Essex County Council who are pioneering the ‘Bank of Essex’ and Transition Town in Lambeth circulating the ‘Brixton Pound’, responses, to date at least, by local authorities have tended to focus on things that they did before, but are perhaps doing it a little better now or with a bit more urgency and impetus. This is to be commended – the majority of local authorities are intervening in areas (both spatially and sectorally) which they ‘know’ they can deliver results. Source: The B£ group On the whole, local authorities have been pragmatic in responding to the crunch: doing what they can and working in partnership with other -5-
  • 6. organisations, such as Regional Development Agencies and Business Link. Yet, with public sector budgets expected to be significantly squeezed over the next decade, with both Labour and the Conservatives announcing that cuts will have to be made, when should we expect an economic recovery and how can we plan for it? Will QUANGO’s, such as the Regional Development Agencies, be around under a Conservative-led State? And if not, what economic tools and resources will local authorities be offered beyond a duty to produce an Economic Assessment? Indeed, what use is knowledge of local economic needs and opportunities if the tools and resources are not also in place to deliver interventions? -6-