Raising the Bar: Driving local authority and private sector engagement

CFE and the British Chambers of Commerce (BCC) have undertaken a collaborative project entitled 'Raising the Bar: Driving local authority and private sector engagement' exploring the relationship between local authorities and the private sector in local economic development.

There is wide recognition that effective public and private sector partnership working is key to achieving local economic development ambitions in all areas. This issue is gaining increased interest and attention at all levels of government.

We can summarise three main directions of travel in policy development within this area.

  • Firstly, an increased emphasis at all levels of government on engaging the private sector in local economic development.
  • Secondly, a commitment to devolve responsibility for local economic development from national to local areas; particularly highlighting a role for local authorities.
  • Thirdly, the development of policy interventions that enable and encourage local authorities to take a lead role in local economic development and engage with the private sector.

The report summarises the current policy direction and specific interventions in place to support local authorities to take a lead in local economic development and enhance their private sector engagement. It draws on examples of current practice, highlighting the importance and benefits of private sector engagement. It considers the current issues with private sector engagement and identifies the practical steps needed to ensure that private sector engagement is effective. It also discusses the challenges to private sector engagement moving forward.

The full report 'Raising the Bar: Driving local authority and private sector engagement' can be found here.

December 2008