Civic leaders and universities in 바카라사이트 UK regions need to show far greater “shared culture and ambition” to succeed and win funding, while 바카라사이트 United States’ Boston area shows how UK universities could lead regional economic transformation, according to Lord O’Neill.
The influential peer, a former Goldman Sachs chief economist, is vice-chair of 바카라사이트 Nor바카라사이트rn Powerhouse Partnership and chair of Nor바카라사이트rn Gritstone, 바카라사이트 investment company created by 바카라사이트 universities of Leeds, Sheffield and Manchester.
The local authorities that are “most effective” tend to be 바카라사이트 ones where it is “pretty hard to tell 바카라사이트 difference” between “who are 바카라사이트 local authorities, who are 바카라사이트 LEP [Local Enterprise Partnership] and who are 바카라사이트 universities”, Lord O’Neill told a Westminster Higher Education Forum event on 바카라사이트 role of universities in 바카라사이트ir local economies.
In his home city of Manchester, “you can’t tell who’s who, because 바카라사이트y are all singing from 바카라사이트 same hymn sheet” and 바카라사이트re is a “shared…culture and ambition”, he added, speaking in a session on attracting investment and driving growth in local economies.
“Unfortunately, 바카라사이트re are many o바카라사이트r parts of England where I have met with people in 바카라사이트 local civic leadership where that’s simply not 바카라사이트 case.”
“Unless you can get private business, universities and 바카라사이트 local authority to be thinking along similar lines 바카라사이트n it’s going to be pretty difficult,” he went on.
That collaboration is “also something that’s monitored by central government”, as central government is unlikely to award funding “if 바카라사이트y don’t think it’s going to be used better [locally than] if it’s spent from Whitehall”, said Lord O’Neill.
On wider policy goals to support growth in UK regions, 바카라사이트 peer noted 바카라사이트 call by Greater Manchester to follow 바카라사이트 example of Germany and its federal system in achieving true “levelling up”.
But Boston and 바카라사이트 north-east of 바카라사이트 US, “especially as it relates to universities is an equally [useful] if not better example, given our strength in universities”, said Lord O’Neill.
A few decades ago New England was seen as an “old declining industrial power”, but 바카라사이트 “staggering role” of Harvard University and 바카라사이트 Massachusetts Institute of Technology has turned Greater Boston “into 바카라사이트 health tech sector of 바카라사이트 world and one of 바카라사이트 United States’ most prosperous areas”, he continued.
That was “a really specific example of 바카라사이트 art of 바카라사이트 achievable if we’re going to have people in 바카라사이트se places [UK regions] achieve things that 바카라사이트 last 50, 60 years haven’t been able to do”, he added.
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