Investing in the community
English local authorities and the 'patient investment' of economic regeneration
Datos Bibliográficos
| ID | 2181972 |
|---|---|
| Autores | Niamh Mulcahy (0000-0002-3688-8983, University of Cambridge, autor de correspondencia) |
| Año | 2024 |
| Volumen | 17 |
| Número | 5 |
| Páginas | 588-604 |
| Fecha de publicación | 2024-09-02 |
| Peer Reviewed | Sí |
| Open Access | Sí |
| Tipo | ARTICLE |
| Revista | Journal of Cultural Economy (JOURNAL) |
| Identificadores de la revista | ISSN: 1753-0350 • E-ISSN: 1753-0369 |
| Editorial | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/17530350.2024.2345067 |
| OpenAlex | W4399037970 |
| Idioma | EN |
| Referencias citadas | 38 |
This paper explores increasing emphasis on long-term investment in English devolution policy, as part of attempts to revitalise struggling communities through investment in infrastructure and public space. English councils seek to offset the financial difficulties they faced due to austerity cuts by establishing their own corporations, joint ventures, and investment partnerships, in order to generate needed income by creating economic flows from capital markets to public services. They have, consequently, envisaged a form of ‘patient investment’ in their communities, taking a long-term view of economic regeneration that aims to balance the risk of investment with the reward of local growth. The rollout of the Levelling Up agenda in February 2022 entrenches the narrative of patient investment as a conduit to regional regeneration, although it emphasises investment in infrastructure projects primarily for the purpose of attracting business and industry to deprived areas. Through a narrative policy analysis of Parliamentary debates about Levelling Up in England, I examine the turn towards long-term investment as an ethical shift in conceptions of welfare provision which prioritises private sector expansion for its potential to drive economic improvement. In this understanding, quality of life in communities is tied to growth and profit, rather than social support
Business · Economic policy · Economic system · Economics · Market economy · Political science · Politics · Healthcare innovation and challenges · Housing, Finance, and Neoliberalism · Law · Political and Economic history of UK and US
Navigating Austerity
Reframing Policy Discourse
Reframing Public Policy
The Welfare State
The Age of Responsibility
The impact of infrastructure investment on economic growth in the United Kingdom
The UK ‘geography of discontent’
The depths of the cuts
Welfare, Austerity and Social Citizenship in the UK
Governing “The Homeless” in English Homelessness Legislation
Financialisation, Welfare Retrenchment and Subsistence Debt in Britain
Deal or no deal?’ Governing urban infrastructure funding and financing in the UK City Deals
The Big Society
The Ambiguous Ideology of Levelling Up
The Pork Barrel Politics of the Towns Fund
The Politics of Levelling Up
Putting financialisation in its financial context
Then you are making riskless money
Built Space as Story
Uncertainty and Regulation
What is patient capital, and where does it exist
What is patient capital and who supplies it
Polluter pays
Introduction
Tales of carbon offsets
Level up your money game
Languages of economic crises
Market as Narrative and Character
The State of the Welfare State
Financialised Welfare and Its Vulnerabilities
Owing Everyone
| Velocidad de citación | historical |
|---|---|
| Altamente citado | No |