Danny Alexander started all this. He asked me, back one day in 2012, about how local economies could find levers to regenerate themselves – rather than waiting around hopelessly for outside investment that never came (that isn’t how he put it).
The result was a dialogue between the Treasury and the local economic regeneration activists – local bankers, local energy organisers, local procurement advocates, local currencies – which revealed, it’s fair to say, something of a gulf between them.
As a result, and thanks to some funding from the Friends Provident Foundation, I have been organising a project to translate between the two – so that they at least understand each other.
I hope it will also form a narrative, once cities and places have more power, which can support their own economic efforts. If you devolve powers from Whitehall, it makes no sense for them to carry on handling your whole economic destiny on your behalf.
















