This Centre for Cities briefing argues 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
The opinions presented here are the author's own and do not necessarily represent the views of the Regional Studies Association