An Enterprising Community A presentation to the ENABLE Conference 04 July 2008 By Rachel Elliott...
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Transcript of An Enterprising Community A presentation to the ENABLE Conference 04 July 2008 By Rachel Elliott...
![Page 1: An Enterprising Community A presentation to the ENABLE Conference 04 July 2008 By Rachel Elliott Ibstock Community Enterprises Ltd With thanks to New Economics.](https://reader036.fdocuments.us/reader036/viewer/2022082512/5515be6d55034674578b63bc/html5/thumbnails/1.jpg)
An Enterprising Community
A presentation to the ENABLE Conference 04 July 2008
By Rachel Elliott
Ibstock Community Enterprises Ltd
With thanks to
New Economics Foundation,
Plugging the Leaks
![Page 2: An Enterprising Community A presentation to the ENABLE Conference 04 July 2008 By Rachel Elliott Ibstock Community Enterprises Ltd With thanks to New Economics.](https://reader036.fdocuments.us/reader036/viewer/2022082512/5515be6d55034674578b63bc/html5/thumbnails/2.jpg)
Elements of an enterprising community
1. An enterprising culture
2. A diverse enterprise ecology – i.e enterprise mix
3. Good levels of business support infrastructure
4. To be a place where people desire to be
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1. An enterprising culture
Local people: • Get involved in decisions that concern their community to
ensure that its development meets their needs and priorities. • Feel things can happen and take action towards making things
happen; • Have an understanding of the local economy and of existing
markets and opportunities and an ability to spot and exploit gaps in supply and demand;
• Generally view self-employment as a positive phenomenon; • Have the ability to diversify and innovate to accommodate
change and take advantage of new opportunities;
• Feel comfortable with uncertainty and taking managed risks.
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2. Enterprise ecologyThis means that the community includes: • Small, medium sized and large businesses: some supplying local
needs to provide a stable market that is less vulnerable to outside influences. Also need to be businesses which have links through the supply chain to other markets or to businesses outside the area;
• Social enterprises creating a range of products and services not met by the commercial market;
• Excellent inter-business networking: • Strong partnership building and alliances between public, private,
local community and voluntary sectors; • Attractors into the area; • Skill/personnel mix: The right mixture between entrepreneurs and
manager/leaders; • A variety of sources of inward investment linked to local business
so that they are embedded in the local economy.
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Attractors and Detractors
Some businesses do more for the local economy than meets the eye. Shops with or without ‘pulling power’ play a big role in bringing people to the area – or keeping them away - regardless of the size
of their own turnover. Classic attractors are:
•Post offices •Banks •Tea shops •Stores with high reputation •Initiatives that give the town a good name
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3. Enterprise/business support infrastructure
This includes: • The willingness of business support agencies, the local authority
and other agencies to be creative in how they support small businesses in their development;
• Access to a variety of appropriate financing schemes; • Information resources which provide what is necessary to
different members of a community with different needs; • An agency to help train and support new businesses and social
enterprises; • Premises of different sizes to meet business needs; • Reasonable accommodation for workers and/or adequate
transport/parking infrastructure; • Appropriate skills training programmes.
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4. Desirable place to be
Finally, enterprising communities need to be considered by their inhabitants as a desirable place to live! Otherwise, any entrepreneurial energy is likely to be spent trying to improve the very basic facilities in the area…or in creating a strategy for leaving the area! You know you are in a desirable place when there is: •A sense of pride in the area; •A low level of crime; •A good education system; •A good transport network; •Clean streets; •A certain level of social capital or trust within the community: markets cannot function without this.
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Tools for Local Economic Renewal
Bizz Fizz – an economic coach at the heart of the local communityhttp://www.neweconomics.org/gen/tools_bizfizz.aspx
Local Alchemy – Regenerating a community from within, recognising and utilising the resources a community already has
http://localalchemy.org/Plugging the leaks and Local Multiplier 3
http://www.pluggingtheleaks.org/Local Works – campaigning for the implementation of the
sustainable communities billhttp://www.localworks.org/
Every Action Counts – support for voluntary and community groupshttp://www.everyactioncounts.org.uk/