Bosworth, Gary and Gray, David (2012) The role of the private sector in regional economic recovery: the case of a middling district in Middle England. International Journal of Entrepreneurship and Innovation, 13 (2). pp. 201-210. ISSN 1465-7503

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Abstract

As the policies of the UK’s new coalition government unfold, it appears that the private sector will take the bulk of the responsibility for sustaining economic recovery. In order to understand the implications for local economies, this paper highlights areas of growth potential and the barriers that business-owners are encountering. Based on a postal survey of businesses in the study area of Newark and Sherwood, a representative rural district in a middling region, research has identified that the majority of firms are still planning to grow despite significant concerns over investment finance and working capital. Furthermore, 17% say that they will definitely recruit new full time staff within 2 years while a further 36% are considering it. This paper expands on these findings and also explores the skills needs and barriers that are preventing growth from being realised. The aim is to provide policy guidance to support the development of local economies emerging from recession and to consider the longer terms implications of the characteristics of local labour markets.

Item Type:	Article
Additional Information:	As the policies of the UK’s new coalition government unfold, it appears that the private sector will take the bulk of the responsibility for sustaining economic recovery. In order to understand the implications for local economies, this paper highlights areas of growth potential and the barriers that business-owners are encountering. Based on a postal survey of businesses in the study area of Newark and Sherwood, a representative rural district in a middling region, research has identified that the majority of firms are still planning to grow despite significant concerns over investment finance and working capital. Furthermore, 17% say that they will definitely recruit new full time staff within 2 years while a further 36% are considering it. This paper expands on these findings and also explores the skills needs and barriers that are preventing growth from being realised. The aim is to provide policy guidance to support the development of local economies emerging from recession and to consider the longer terms implications of the characteristics of local labour markets.
Keywords:	Economic revovery, Small and Medium Size Enterprises, Business growth, Employment, Regional Economics, Training and Skills, ref19, refdoi
Subjects:	L Social studies > L100 Economics N Business and Administrative studies > N100 Business studies
Divisions:	College of Social Sciences > Faculty of Business & Law > Lincoln Business School
Depositing User:	Gary Bosworth
Date Deposited:	28 Sep 2012 11:21
Last Modified:	05 Apr 2013 11:26
URI:	http://eprints.lincoln.ac.uk/id/eprint/6356

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