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๐—œ๐—ป๐—ฑ๐˜‚๐˜€๐˜๐—ฟ๐—ถ๐—ฎ๐—น ๐—ฐ๐—น๐˜‚๐˜€๐˜๐—ฒ๐—ฟ๐˜€ ๐—ฎ๐—ฟ๐—ฒ ๐—ถ๐—บ๐—ฝ๐—ผ๐—ฟ๐˜๐—ฎ๐—ป๐˜ โ€“ ๐—ต๐—ฒ๐—ฟ๐—ฒโ€™๐˜€ ๐Ÿฑ ๐˜๐—ถ๐—ฝ๐˜€ ๐—ณ๐—ผ๐—ฟ ๐˜€๐˜‚๐—ฐ๐—ฐ๐—ฒ๐˜€๐˜€๐—ณ๐˜‚๐—น ๐—ฑ๐—ฒ๐—น๐—ถ๐˜ƒ๐—ฒ๐—ฟ๐˜† ๐—ฏ๐˜† ๐—ฒ๐—ฐ๐—ผ๐—ป๐—ผ๐—บ๐—ถ๐—ฐ ๐—ฑ๐—ฒ๐˜ƒ๐—ฒ๐—น๐—ผ๐—ฝ๐—บ๐—ฒ๐—ป๐˜ ๐˜๐—ฒ๐—ฎ๐—บ๐˜€

The evidence is clear: successful industrial clusters generate genuine competitive advantages. Firms in Oxfordshireโ€™s Motorsport Valley are 6x more productive than isolated competitors. Research Triangle Park transformed North Carolina from textile dependence into a ยฃ17 billion innovation economy. Denmarkโ€™s professionalised clusters consistently outperform regions without them. Yet cluster initiatives can sometimes fail to deliver. Why? [โ€ฆ]

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๐——๐—ผ๐—ถ๐—ป๐—ด ๐—ป๐—ผ๐˜๐—ต๐—ถ๐—ป๐—ด ๐—ฎ๐—ฏ๐—ผ๐˜‚๐˜ ๐˜†๐—ผ๐˜‚๐—ฟ ๐—น๐—ผ๐—ฐ๐—ฎ๐—น ๐—ฒ๐—ฐ๐—ผ๐—ป๐—ผ๐—บ๐˜† ๐—บ๐—ฒ๐—ฎ๐—ป๐˜€ ๐˜†๐—ผ๐˜‚ ๐—ฎ๐—ฟ๐—ฒ ๐—ฐ๐—ต๐—ผ๐—ผ๐˜€๐—ถ๐—ป๐—ด ๐—ฒ๐—ฐ๐—ผ๐—ป๐—ผ๐—บ๐—ถ๐—ฐ ๐—ฑ๐—ฒ๐—ฐ๐—น๐—ถ๐—ป๐—ฒ

Local leaders often say they canโ€™t afford to invest in economic development. ๐˜‰๐˜ถ๐˜ต ๐˜ฅ๐˜ฐ๐˜ช๐˜ฏ๐˜จ ๐˜ฏ๐˜ฐ๐˜ต๐˜ฉ๐˜ช๐˜ฏ๐˜จ ๐˜ช๐˜ด๐˜ฏโ€™๐˜ต ๐˜ฏ๐˜ฆ๐˜ถ๐˜ต๐˜ณ๐˜ข๐˜ญ โ€“ ๐˜ช๐˜ตโ€™๐˜ด ๐˜ข๐˜ฏ ๐˜ข๐˜ค๐˜ต๐˜ช๐˜ท๐˜ฆ ๐˜ค๐˜ฉ๐˜ฐ๐˜ช๐˜ค๐˜ฆ ๐˜ธ๐˜ช๐˜ต๐˜ฉ ๐˜ค๐˜ฐ๐˜ฏ๐˜ด๐˜ฆ๐˜ฒ๐˜ถ๐˜ฆ๐˜ฏ๐˜ค๐˜ฆ๐˜ด. ๐——๐—ฎ๐—ป๐—ถ ๐—ฅ๐—ผ๐—ฑ๐—ฟ๐—ถ๐—ธโ€™๐˜€ ๐—ฟ๐—ฒ๐˜€๐—ฒ๐—ฎ๐—ฟ๐—ฐ๐—ต ๐—ผ๐—ป ๐—ถ๐—ป๐—ฑ๐˜‚๐˜€๐˜๐—ฟ๐—ถ๐—ฎ๐—น ๐—ฝ๐—ผ๐—น๐—ถ๐—ฐ๐˜† ๐—ฟ๐—ฒ๐˜ƒ๐—ฒ๐—ฎ๐—น๐˜€ ๐˜€๐—ผ๐—บ๐—ฒ๐˜๐—ต๐—ถ๐—ป๐—ด ๐˜ƒ๐—ถ๐˜๐—ฎ๐—น: ๐—ฒ๐—ฐ๐—ผ๐—ป๐—ผ๐—บ๐—ถ๐—ฐ ๐—ฑ๐—ฒ๐˜ƒ๐—ฒ๐—น๐—ผ๐—ฝ๐—บ๐—ฒ๐—ป๐˜ ๐—ถ๐˜€ ๐—ณ๐˜‚๐—ป๐—ฑ๐—ฎ๐—บ๐—ฒ๐—ป๐˜๐—ฎ๐—น๐—น๐˜† ๐—ฎ ๐—ฑ๐—ถ๐˜€๐—ฐ๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐˜† ๐—ฝ๐—ฟ๐—ผ๐—ฐ๐—ฒ๐˜€๐˜€. ๐—ฌ๐—ผ๐˜‚ ๐—น๐—ฒ๐—ฎ๐—ฟ๐—ป ๐˜„๐—ต๐—ฎ๐˜ ๐˜„๐—ผ๐—ฟ๐—ธ๐˜€ ๐—ถ๐—ป ๐—ฌ๐—ข๐—จ๐—ฅ ๐—น๐—ผ๐—ฐ๐—ฎ๐—น๐—ถ๐˜๐˜† ๐—ฏ๐˜† ๐—ฒ๐˜…๐—ฝ๐—ฒ๐—ฟ๐—ถ๐—บ๐—ฒ๐—ป๐˜๐—ถ๐—ป๐—ด, ๐—ด๐—ฎ๐˜๐—ต๐—ฒ๐—ฟ๐—ถ๐—ป๐—ด ๐—ฒ๐˜ƒ๐—ถ๐—ฑ๐—ฒ๐—ป๐—ฐ๐—ฒ, ๐—ฎ๐—ป๐—ฑ ๐—ฎ๐—ฑ๐—ฎ๐—ฝ๐˜๐—ถ๐—ป๐—ด. Consider what [โ€ฆ]

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Will the UKโ€™s ๐Ÿด๐Ÿฑ๐Ÿฌ,๐Ÿฌ๐Ÿฌ๐Ÿฌ โ€œ๐—บ๐—ถ๐˜€๐˜€๐—ถ๐—ป๐—ด ๐˜„๐—ผ๐—ฟ๐—ธ๐—ฒ๐—ฟ๐˜€โ€ be coming back to work?

Since COVID, 850,000 people in the UK withdrew from the active labour market. This massive rise in economic inactivity has happened at the same time that policy has tightened controls on hiring overseas workers, and the UKโ€™s further and adult education system has been squeezed by budget cuts and inflexibilities (prior to 2026). I did [โ€ฆ]

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๐—ช๐—ต๐˜† ๐—ฌ๐—ผ๐˜‚๐—ฟ ๐—Ÿ๐—ฎ๐—ฏ๐—ผ๐˜‚๐—ฟ ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฃ๐—ฟ๐—ผ๐—ด๐—ฟ๐—ฎ๐—บ๐—บ๐—ฒ๐˜€ ๐—”๐—ฟ๐—ฒ ๐—™๐—ฎ๐—ถ๐—น๐—ถ๐—ป๐—ด (๐—”๐—ป๐—ฑ ๐—ช๐—ต๐—ฎ๐˜ ๐˜๐—ผ ๐——๐—ผ ๐—”๐—ฏ๐—ผ๐˜‚๐˜ ๐—œ๐˜)

๐—ช๐—ต๐˜† ๐—ฌ๐—ผ๐˜‚๐—ฟ ๐—Ÿ๐—ฎ๐—ฏ๐—ผ๐˜‚๐—ฟ ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฃ๐—ฟ๐—ผ๐—ด๐—ฟ๐—ฎ๐—บ๐—บ๐—ฒ๐˜€ ๐—”๐—ฟ๐—ฒ ๐—™๐—ฎ๐—ถ๐—น๐—ถ๐—ป๐—ด (๐—”๐—ป๐—ฑ ๐—ช๐—ต๐—ฎ๐˜ ๐˜๐—ผ ๐——๐—ผ ๐—”๐—ฏ๐—ผ๐˜‚๐˜ ๐—œ๐˜) Does your local economy have plenty of labour demand and desperate employers who canโ€™t get the workforce and skills they need? As well as unemployed residents who โ€œcanโ€™t find work?โ€ The problem isnโ€™t lack of jobs. Itโ€™s that we fundamentally misunderstand how [โ€ฆ]

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Build your own SMART objectives with our toolkit

โ€œ๐—ช๐—ฒ ๐—ป๐—ฒ๐—ฒ๐—ฑ ๐˜๐—ผ ๐—ฏ๐—ผ๐—ผ๐˜€๐˜ ๐˜๐—ต๐—ฒ ๐—น๐—ผ๐—ฐ๐—ฎ๐—น ๐—ฒ๐—ฐ๐—ผ๐—ป๐—ผ๐—บ๐˜†.โ€ โ€œ๐—ฆ๐˜‚๐—ฝ๐—ฝ๐—ผ๐—ฟ๐˜ ๐—ด๐—ฟ๐—ฒ๐—ฒ๐—ป ๐—ด๐—ฟ๐—ผ๐˜„๐˜๐—ต.โ€ โ€œ๐—œ๐—บ๐—ฝ๐—ฟ๐—ผ๐˜ƒ๐—ฒ ๐—ฒ๐—ป๐˜๐—ฟ๐—ฒ๐—ฝ๐—ฟ๐—ฒ๐—ป๐—ฒ๐˜‚๐—ฟ๐˜€๐—ต๐—ถ๐—ฝ.โ€ ๐—ฆ๐—ผ๐˜‚๐—ป๐—ฑ ๐—ณ๐—ฎ๐—บ๐—ถ๐—น๐—ถ๐—ฎ๐—ฟ? In 31 years of economic development work, Iโ€™ve learned one hard truth: ๐˜ท๐˜ข๐˜จ๐˜ถ๐˜ฆ ๐˜ฑ๐˜ณ๐˜ช๐˜ฐ๐˜ณ๐˜ช๐˜ต๐˜ช๐˜ฆ๐˜ด ๐˜ข๐˜ณ๐˜ฆ ๐˜ธ๐˜ฉ๐˜ฆ๐˜ณ๐˜ฆ ๐˜จ๐˜ฐ๐˜ฐ๐˜ฅ ๐˜ช๐˜ฏ๐˜ต๐˜ฆ๐˜ฏ๐˜ต๐˜ช๐˜ฐ๐˜ฏ๐˜ด ๐˜จ๐˜ฐ ๐˜ต๐˜ฐ ๐˜ฅ๐˜ช๐˜ฆ. Sharpen up your objectives ๐˜ณ๐˜ช๐˜จ๐˜ฉ๐˜ต ๐˜ฏ๐˜ฐ๐˜ธ โ€“ download the workbook by registering here. The single feature that separates successful initiatives [โ€ฆ]

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