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Bolt-on vs integrated

Explore ideas from the Local Enterprise Partnership of Derbs/Notts for an inclusive growth framework that prioritizes quality jobs in the foundational economy. This framework aims to promote business-led productivity, create fair pay and progression opportunities, and incorporate the third sector into mainstream development.

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Bolt-on vs integrated

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  1. Bolt-on vs integrated

  2. Ideas from the Derbs/Notts Local Enterprise Partnership “An inclusive growth framework is applied to all strategic and investment decisions relating to priorities identified in the SEP.” “business-led productivity through quality jobs : firms moving up the value chain by creating quality jobs (characterised as fair pay, scope for progression and autonomy, family friendly and flexible)”

  3. Ideas around the “Foundational economy” • The goods and services we all need - health, social care, education, welfare, utilities, retail, food manufacture. • 40% of UK workforce • Geographically distributed • Labour intensive • Public, private & voluntary sector • Delivers social goods -http://www.cresc.ac.uk/medialibrary/workingpapers/wp131.pdf

  4. Ideas from previous West Mids discussions • Operate economy within environmental limits - inc ‘circular economy’ • Greater role of locally owned business for local impact • Learning & skills for the most marginalised • Greater income equality • Good livelihoods • Incorporate the third sector into the mainstream • Less obsession with “big shiny iconic devts”: small things work too.

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