Hubs of Innovation III: Local authorities as curators
How does innovation happen in a place? What is it about a district, a neighbourhood, a cluster or a corridor that makes it possible for innovation to flourish? And what is the role of local authorities in curating innovation within and between places?
In the 2021 Budget, the UK Chancellor, Rishi Sunak MP announced a commitment “to stimulating private sector investment to create jobs, develop hubs of innovation, and revitalise local areas and regions across every part of the UK”. This was followed in July by the launch of the UK Government’s Innovation Strategy which aims to make the UK a global hub for innovation by 2035.
The innovation economy has become one of the defining features of the economic cycle, especially the role of innovation in the post-pandemic recovery and the wider ‘levelling up’ agenda. Yet there are stark differences between the innovation activity in different parts of the UK, and there is renewed focus on enabling the innovation economy to flourish right across the country.
This is the third episode in our Hubs of Innovation podcast series which began with two reports that the Catapult recently published, 1) Hubs of Innovation which looks at the role of innovation hubs in the COVID-adjusted economy, and 2) the accompanying Playbook for Place Leaders, a practical guide for how to establish or grow an innovation hub. In this episode we explore the role of local authorities curators in the innovation economy.
This episode is an edited version of an online event that the Catapult held on 20th July, 2021, “Local Authorities: Curating Places of Innovation”, which is also available to watch in full online.
Music on this episode is by Blue Dot Sessions and Phill Ward Music (www.phillward.com)
Our Hubs of Innovation podcast series comes out of two reports that the Catapult recently published, 1) Hubs of Innovation which looks at the role of innovation hubs in the COVID-adjusted economy, and 2) the accompanying Playbook for Place Leaders, a practical guide for how to establish or grow an innovation hub. Both reports are free to download on our website.
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