Entrepreneurial Place Strategies: Implementing Enterprise Support and Economic Development Policies

Abstract

In the UK regions that are structurally more vulnerable are less able to respond to economic shocks (McCann, 2017). An economic downturn for a poorer region like the North East of England (Jenkins, Pike, & Tomaney, 2019) will mean it enters recession earlier and emerges from recession later than significantly wealthier regions like London and South East region in England or Amsterdam City region in the Netherlands. We ask, what can be done to improve the impact of policy interventions that support and develop weaker regional economies? Behind this chapter sit two elements of research study: a question, which asks, what if you develop a “great” policy, that is well researched and designed; however, it fails because the people who deliver it don’t have the right culture, values, or knowledge? The second element is that the authors are interested in a range of factors that affect not only policy implementation including entrepreneurship but also economic culture and social capital, looking at the problem from different disciplinary viewpoints (Baker & Welter, 2018). This chapter makes a comparative study between the North East of England and the Amsterdam City region to explore how policy implementation might be improved as other factors of place cannot be easily altered, these factors include major infrastructure, political systems, and budgetary control as well as overall economic wealth. What this means is that practical research and studies have to find factors that can be improved in order to achieve change and a greater economic impact on Places in this context, the North East of England.

Citation

Pellow, N., Shutt, J., Liddle, J. and Johnston, L. (2022), "Entrepreneurial Place Strategies: Implementing Enterprise Support and Economic Development Policies", Newbery, R., Baranchenko, Y. and Bell, C. (Ed.) Entrepreneurial Place Leadership: Negotiating the Entrepreneurial Landscape (Contemporary Issues in Entrepreneurship Research, Vol. 15), Emerald Publishing Limited, Leeds, pp. 135-153. https://doi.org/10.1108/S2040-724620220000015008