Localise West Midlands recently commissioned a video which highlights four local projects that stimulate local economies and decentralise economic power. It was filmed, produced and edited by Susan Jones, Redhead Business Films with funding from the Barrow Cadbury Trust.

After seeing the video people who want more information should go to the LWM blog which has details of the four projects and the people involved.

The new Midland Metropolitan hospital ‘anchoring prosperity in the community’ hopes that one of its retail units will be taken by a social enterprise; it would not only sell locally produced goods but act as a “concierge” type service for busy staff and visiting families, to access the services they need from local businesses. It would aim to make stronger links with local people and help towards regenerating local neighbourhoods, Ladywood, Soho and Smethwick in the same way as Citizen Home in the Jewellery Quarter.

Inclusive business support ecosystems in Balsall Heath: Citizens UK and the Centre for Research on Ethnic Minority Entrepreneurship have been working together with business people in Lozells, Small Heath and Sparkbrook to achieve better engagement with support agencies, aiming to generate an inclusive business support ecosystem in these areas. 

Energy Capital is about collaborative sector development, in which energy innovation delivers on the needs of real people and the environment, with locally owned businesses involved at every level. RentE Cars is one of the local businesses that is taking advantage of electric car charging innovations.

Social care, rather than being a problem, can be a positive force for inclusive economics that could help the West Midlands Combined Authority achieve its stated aims of sharing prosperity more widely – as a report by NEF for LWM outlines. Crossroads Care is an example of a locally accountable and adaptable enterprise delivering social care and economic opportunity.

Localise West Midlands explores better ways to do economics – creating an economy which is lively and diverse & in which more people have a stake – meeting local needs with local resources.

 

 

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