Innovating policy
The dynamics of place economics requires continual refresh of public policy. Understanding 'what works' is essential in promoting innovative policy and best practice. GENECON leads policy development and evaluation across all aspects of place economics, helping to refine economic programmes, measure impacts and define what works in achieving local growth more efficiently.
Innovation in place economics policy underpins business
confidence and guides investment priorities. The growth of
innovative new sectors of the economy - low carbon activities,
advanced technologies, creative industries, all need clear and
proactive Government policy support. The Government has
confirmed its intention to focus on business sectors with
demonstrable growth potential and which exploit new technologies
and global markets. Delivering these ambitions requires advanced
approaches to policy collaboration between Government, business and
University sectors. And the commitment to strategic infrastrcuture
such as High Speed rail and off-shore wind energy generation create
new opportunities across the UK economy.
At GENECON, we work across this 'triple-helix', assembling the
supporting evidence to inform economic and spatial policy
development, to evaluate impacts and to set investment priorities.
Our work has included the evaluation of major Government funding
programmes such as the Rural Development Programme and review of
business support initiatives, including the Manufacturing Advisory
Service and University R&D collaborations. We are appointed to
a national economic advisory panel for HS2. We have assessed the
economic value of heritage and Green Infrastructure for Government
agencies and formulated a developer toolkit to unlock the delivery
of major physical regeneration projects across the North of
England. And we have advised on the implications for established
delivery vehicles of the transition from RDAs to LEPs.
Key to our success in innovating policy is in the
art of our creative thinking, the
science of our analysis and evaluation techniques
and the collaboration in providing practical
advice on place economics policy refreshment. Our core 'Innovating
Policy' services are detailed below.
Innovating policy services
Place economic policy
Place economic policy
As place economies evolve, place policy must adapt to keep pace. Equally, innovative policy ideas can influence growth trajectories.
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Business sector growth plans
Business sector growth plans
Strong and vibrant local and national economies are characterised by successful, competitive and innovative businesses sectors.
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Impact measurement
Impact measurement
Understanding 'what works' and applying lessons to new circumstances is critical to innovating policy and refreshing local economic programmes.
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Efficiency & value for money
Efficiency & value for money
In the new age of austerity, maximising the potential yield of investments and managing operational costs is fundamental.
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