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Local Development Companies and the Regeneration of Britain's Cities

Author

Listed:
  • Mike Raco

    (Department of Geography, University of Reading, Whiteknights, Reading RG6 6AB, England)

  • Ivan Turok
  • Keith Kintrea

Abstract

Efforts to decentralise the pursuit of economic and social development have increased in recent years. The authors examine the rationale for establishing local development companies in areas of high unemployment and deprivation. The broad purpose is to establish a new style of organisation that combines attributes of the public and private sectors-to adapt and integrate economic and social services to meet local needs, to champion local interests in external arenas, and to act as enabling agents to promote local investment and development. These arguments are elaborated and illustrated with reference to one of Britain's most successful local development companies, Govan Initiative. The analysis reveals important strengths of the Initiative, including its action orientation, commitment to quality, and a local leadership role, but also certain weaknesses including its limited leverage over wider policies and resource flows. Local development companies need meaningful commitment from regional and national public organisations to fulfil their potential.

Suggested Citation

  • Mike Raco & Ivan Turok & Keith Kintrea, 2003. "Local Development Companies and the Regeneration of Britain's Cities," Environment and Planning C, , vol. 21(2), pages 277-303, April.
    • Handle: RePEc:sae:envirc:v:21:y:2003:i:2:p:277-303
    DOI: 10.1068/c27m
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    References listed on IDEAS

    as
    1. Ivan Turok & Mike Raco, 2000. "Developing Expertise in Small and Medium-Sized Enterprises: An Evaluation of Consultancy Support," Environment and Planning C, , vol. 18(4), pages 409-427, August.
    2. Ivan Turok, 1999. "Localisation or mainstream bending in urban regeneration?," Local Economy, London South Bank University, vol. 14(1), pages 72-86, May.
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    Cited by:

    1. Venda Louise Pollock & Joanne Sharp, 2012. "Real Participation or the Tyranny of Participatory Practice? Public Art and Community Involvement in the Regeneration of the Raploch, Scotland," Urban Studies, Urban Studies Journal Limited, vol. 49(14), pages 3063-3079, November.
    2. Théodore METAXAS & Marie-Noëlle DUQUENNE, 2017. "Partnerships and development policies for small-medium enterprises in Greece: a CFA approach," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 45, pages 131-158.
    3. Steven R Henderson, 2014. "Urban regeneration companies and their institutional setting: Prevailing instabilities within the West Midlands, England," Local Economy, London South Bank University, vol. 29(6-7), pages 635-656, September.

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