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Tales from the frontline of regeneration

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Abstract:

Describes attempts by councillors in the London Borough of Enfield to put into practice some of the ideas of CRESC, as outlined in the previous article. What can a local authority do to counter inequality and joblessness given shrinking budgets and the overwhelming problems of neoliberal de-industrialisation? Arguing that interventionism from the local state must still be part of the answer, the article shows the first steps taken by the borough to adopt new policies. The main idea is that companies that make substantial profits in Enfield – initially the banks, utilities and major supermarket chains – need to be persuaded to make a greater contribution to the local economy. Thus the creation of locally based consumer unions could ensure better prices through bulk buying, and efforts could be made to ensure that more of the value from supply chains is geneated from within the borough. The council is also looking at ways of securing investment for local enterprise, including from its own pension funds.

Keywords: CORPORATE RESPONSIBILITY; CRESC; DE-INDUSTRIALISATION; ENFIELD; INDUSTRY; INEQUALITY; LOCAL AUTHORITY; REGIONALISM

Document Type: Research Article

DOI: https://doi.org/10.3898/136266212803853572

Publication date: 2012-11-06

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