Organising Local Economic Development
The Role of Development Agencies and Companies
Development processes occur within a wider geographical area than local government, and in some cases encompass a broader scope than provincial or national governments. Thus substantial inter-governmental co-operation and public-private partnership are needed. This book identifies how development agencies and companies work, what they do and what constitutes success and value added. It explores international practices in a variety of locations and contexts, and defines both the success factors and the challenges associated with economic development agencies and companies.
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Creative Sheffield
Creative Sheffield was the first of the United Kingdom’s new local economic development delivery vehicles – the city development companies and economic development companies (CDCs/EDCs) – to be set up. It was officially formed on 1April 2007 and was designed to “substantially enhance Sheffield’s capacity to develop and deliver economic strategy” (Kerslake and Taylor, 2004). It is a company limited by guarantee, with a high-level board composed of a mix of private and public sector representatives, and is owned by Sheffield City Council and the regional development agency, Yorkshire Forward. Creative Sheffield has consolidated the city’s previously disparate set of development bodies and, as such, incorporated “Sheffield One”, the investment agency “Sheffield First for Investment” and the “Knowledge Starts in South Yorkshire” project.
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