Local Sustainable
Economic Development
Additional Focus Areas
Latest Articles
The Role of Finance: Spotlight by Local Economy
This edition of Local Economy brings a focus on finance in local and regional economic development. The subject generally gets less scrutiny than it deserves; yet finance is (perhaps axiomatically) the critical ingredient in enterprise, regeneration and devising sustainable solutions to poverty.

Finance issues are of growing importance in the promotion of social inclusion, yet many people seem to be moving further away from long-term financial security. Consumer debt and borrowing in the UK has now crashed through the £1 trillion barrier and, of this, 80% is due to credit card borrowing, loans, and mortgages. The National Consumer Council reports
that 6 million families in the UK are already struggling to make repayments towards their debt, and the Citizens Advice Bureau reports that over the last 6 years, they have seen a 44% increase in the number of people seeking debt advice.

Our Partners