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Regions in Industrial Transition

Policies for People and Places

image of Regions in Industrial Transition

This report offers guidance on how to manage industrial transition and is directed towards all policymakers seeking to improve the “what” and “how” of policies that promote industrial change. It identifies how regions in industrial transition can become more competitive and more resilient in the context of major shifts brought about by globalisation, decarbonisation and ongoing technological change. It takes stock of discussions emanating from a series of peer-learning workshops jointly organised in 2018 by the European Commission and the OECD. The report presents a number of implementation tools that policymakers have at their disposal to activate regional innovation potential to help tackle these challenges and the often accompanying ones such as an unsuitable skills base, unemployment due to deindustrialisation, and limited investment opportunities.

Bringing together economic analysis and regional and country practice from the participating regions and countries on the topics of the future of work, entrepreneurship, innovation, transitioning to a climate-neutral economy and inclusive growth, the report identifies cross-cutting lessons to help policy-makers better design the next generation of smart specialisation and regional innovation strategies.

English

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Promoting entrepreneurship and private sector engagement

This chapter discusses the role of entrepreneurship and private sector engagement in driving structural change and renewal in regions in industrial transition. A number of barriers to innovative entrepreneurship often persist in regions with a strong industrial heritage, notably low levels of start-up and scale-up activity, weak entrepreneurship cultures and a lack of innovation and effectively linked knowledge networks. The chapter sheds light on overcoming these barriers by making use of appropriate finance, skills and knowledge exchange policies. It identifies a suite of potential policy instruments and highlights the role of local and regional authorities in designing integrated and locally tailored policy packages. Finally, it summarises key considerations for policymakers in regions in industrial transition to make more strategic use of local innovation and entrepreneurship ecosystems in order to stimulate entrepreneurial activity and innovation-led growth.

English

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