Local Economic - OECD

1 Local Economic leadership 2 | DISCLAIMER Local Economic leadership OECD 2015 This work is published under the responsibility of the Secretary-General of the OECD. The opinions expressed and the arguments employed herein do not necessarily reflect the official views of OECD member countries. This document and any map included herein are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area.

2 OECD 2015 You can copy, download or print OECD content for your own use, and you can include excerpts from OECD publications, databases and multimedia products in your own documents, presentations, blogs, websites and teaching materials, provided that suitable acknowledgment of OECD as source and copyright owner is given. All requests for commercial use and translation rights should be submitted to PREFACE | 3 Local Economic leadership OECD 2015 PREFACE The OECD Local Economic and Employment Development Programme was created in 1982 with a mandate to promote and advance Local development as means of achieving national Economic growth and Economic and social inclusion.

3 I have had the privilege of leading this Programme for 33 years during which time we have promoted partnership, peer to peer learning and multi-stakeholder engagement throughout all of our activities. Fundamental to this approach was the creation of our LEED Partner s Club a unique forum which over the last three decades has brought business groups, Local authorities, universities and development agencies together to rethink and deliver effective Local development. This report demonstrates collaboration between important LEED Partners and their networks.

4 I thank each of them for their continued engagement with our Programme and the leadership that role that they each take to push the boundaries of Local development. This report on Local Economic leadership builds on a substantive body of work that we have done since the crisis began in 2008. In Recession, Recovery and Reinvestment we looked at how 41 Local leaders were responding to the crisis. We found inspiring and confident solutions and actions emerging which helped Local areas protect their futures. In Organising Local Economic Development (2010) we focused on development agencies, the original crisis response mechanisms and then in New Growth and Investment Strategies (2013) we focused on the recovery.

5 This body of work has led to a specific focus on Local Economic leadership and the critical role that it plays in creating the framework conditions for inclusive growth. The LEED Programme benefits for a unique range of individuals who themselves play important roles in leading Local Economic development and I would like to take this opportunity to thank Greg Clark who for last twenty years has been a committed member of our extended network. He has generously shared his ideas, knowledge and passion for Local Economic development and contributed to this and many other reports and publications.

6 I would also like to thank Debra Mountford and Francois Iglesias of the LEED Secretariat and the cities of Amsterdam, Hamburg, Manchester and Stockholm. Sergio Arzeni Director, Centre for Entrepreneurship, SMEs and Local Development4 | FOREWORD Local Economic leadership OECD 2015 FOREWORD I am delighted to welcome this important and timely report from the OECD LEED programme. The imperative for Economic leadership is one of the defining topics of our time, how to combine the most important interests of the long term with the immediate priorities of the short term, and to get the balance right.

7 At the Local level, in cities such as Manchester, the idea of Local Economic leadership is not new, we know that leadership is needed to make change happen. Indeed, there have been multiple voices from different sides of the political spectrum arguing for the importance of Local leadership and making the case for organisational changes that might support such leadership to play a more decisive role for several years. But, so far, there have been too few attempts to really define and illustrate what Local Economic leadership means and what is required to fully achieve it.

8 We know that leadership of Local economies is critically important and we can see places where it has sometime been absent, but until now we have had only a limited assessment of the key attributes. For Manchester an important part of the journey that the city has taken in the recent decades has been collaboration. Working together with other organisations such as the great cities of Stockholm, Amsterdam, and Hamburg has been a key driver of innovation. Working with the OECD LEED Programme has provided us with the opportunity to crystallise key insights about progress and to benchmark our own initiatives with those of others.

9 These have been fruitful partnerships. From this work we have been able to distil some helpful observations about Local Economic leadership . The first of these has been that patience and long term perspective must be established. Cities do not recover from de-industrialisation, redevelop their city centres, attract a new employer base, or reskill their workforce in weeks and months. These things take time and persistent effort, and yet they must also be harnessed with impatience and the appetite to take every possible positive step as soon as it is available.

10 We have also observed that market processes like investment, trade, enterprise, and competition for opportunities respond well to clear and transparent city management. We have tried in Manchester not just to say that we are open for business, investment, and jobs, but to demonstrate that in all that we do. We will support, encourage, and help investors and employers who bring opportunities, jobs, and customers to our people and Local firms. This has meant prioritising the relationship management side of investment, streamlining decision making processes, taking out risk and uncertainty, and enabling investors and employers to have confidence that there will be a fair and predictable process that will respect their time-tables and commercial disciplines.