It's local housing markets – not the national picture – that really matter to the economic performance of cities, and by extension, the national economy. Policy makers therefore need to set housing objectives that reflect these local requirements, and the local economic context – not just headline-driven national supply targets.
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City Markets concludes that Business-led regeneration should focus on business-deprived areas but that the Government should subsidise business activity only where specific market failures exist, in proportion to those market failures and in line with local labour market and other conditions.
The Centre for Cities' City Markets Project has surveyed 348 businesses in deprived areas in Derby, Doncaster and Sunderland. This paper presents the survey.