DEVOLUTION

We still have a desperate need for local growth

Jackie Sadek says the real way to supercharge the economy is to give powers back to local communities and back that up with cash.

It's official: I am truly the saddest of women. My entire career – some 40 years, in scary fact – has been devoted to driving growth through place-based partnerships.

Having worked in both private and public sectors, and often in the twilight zone betwixt the two, I was involved in this stuff way before Michael Heseltine invented City Challenge (still the most nimble of all the models) in the mid 1990s; through Single Regeneration Budget (SRB) one to six, New Deal for Communities (NDC), Housing Market Renewal (HMR), and far too many other TLAs (triple letter acronyms) to mention here. I even went into central government in the middle of the last decade to participate in the positive experience of the Greg Clark/Lord Heseltine era of the £12bn Local Growth Fund of 2014, when so much quiet progress was made, under the aegis of Greg Clark's 2011 Decentralisation and Localism Bill.

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