Why don’t we see growth up and down the country?

The second in our briefing series looks at the geography of the UK economy and why this matters for the industrial strategy.

This briefing is the second in a series looking at what a place-based industrial strategy should look like and how this can be delivered.

It shows that:

  • Different parts of the economy – city centres, suburbs, hinterlands and rural areas – offer different things to business. And this influences the type of businesses they attract and grow.
  • Cities inherently offer businesses a greater number of benefits because of a process known as agglomeration. But some cities do this much more successfully than others, meaning a very different approach is required in different places.
  • This means that a successful industrial policy needs to do two things if it is to improve standards of living across the country – help improve the benefits that a city should offer in struggling cities, and deal with the costs of growth (e.g. congestion, expensive housing) in successful cities.

Be sure to read our 10-point guide to what the industrial strategy should focus on.