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The inspiring tale of the re imagining of Preston’s economy.

June 19, 2015

The inspiring tale of the re imagining of Preston’s economy.

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We are often asked “what would a Transition local government look like?”  It’s a complex question, but one Council taking a pioneering approach to its local economy is Preston in Lancashire.  Preston City Council, working with Centre for Local Economic Strategies (CLES) recently published ‘Creating a Good Local Economy: the role of anchor institutions‘, a remarkable document.  To find out more, I spoke to Matthew Jackson, deputy chief executive at CLES and Cllr Matthew Brown, Executive Member for Social Justice, Inclusion and Policy at Preston CC.  “The game’s up for the old system”, he told me, “if you want to do something really transformative and really radical, it means doing something really new and really creative”.  So they did.  It’s a deeply fascinating, and inspirational story.

 

Cllr. Matthew Brown (MB): Traditionally it seems to me we just tried to act as a magnet for outside institutional investments to come in, but with this economic crisis we’re seeing that that’s not working any more. A lot of the investment we had in the last 10-15 years is just not happening. So it’s more of a systemic issue in the economy that needs to be tackled. One way of doing that is to make sure that the wealth of the locality is maintained by the people that live here.

Matthew Jackson (MJ): Local government doesn’t necessarily understand its local market and the types of organisations that are available to deliver the goods and services it requires. So there’s a need for a more intelligent relationship between the public, the commercial and the social sector put in place to enable organisations to be delivering more services.

 

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