New Directions for Local Economic Renewal

Impact: Economic impacts, Societal impacts


Research undertaken within the Centre for Research on Socio-Cultural Change (CRESC) since 2009, has been applied within Enfield Borough Council to change its economic renewal strategies from having a training and infrastructure focus, to one which focuses on re-building local supply chains, leading to job creation, and the re-investment of pension funds to fund the delivery of badly needed social housing. This change in policy has been achieved by encouraging major employers, such as utility companies, to think of corporate social responsibility in a more local frame; and the council to re-engineer financial flows from the local authority pension fund.
Impact date2014
Category of impactEconomic impacts, Societal impacts
Impact levelBenefit