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The City and the cities: ownership, finance and the geography of recovery

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  • Will Hutton
  • Neil Lee

Abstract

In the wake of a financial crisis and recession, the UK faces a challenging recovery. This represents an important time to revisit the UK’s systems of finance and ownership. This article argues that failures in the national structure of ownership have had significant consequences in local economies where important companies were based. It argues that current efforts to reform the financial system need to focus on supporting innovative high growth firms, ensuring a diversity of new forms of ownership can develop and that finance is available for all firms, regardless of geography. At present, these factors underpin the potentially uneven geography of recovery. Copyright 2012, Oxford University Press.

Suggested Citation

  • Will Hutton & Neil Lee, 2012. "The City and the cities: ownership, finance and the geography of recovery," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 5(3), pages 325-337.
    • Handle: RePEc:oup:cjrecs:v:5:y:2012:i:3:p:325-337
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    File URL: http://hdl.handle.net/10.1093/cjres/rss018
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    Citations

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    Cited by:

    1. Anna Stansbury & Dan Turner & Ed Balls, 2023. "Tackling the UK’s regional economic inequality: binding constraints and avenues for policy intervention," Contemporary Social Science, Taylor & Francis Journals, vol. 18(3-4), pages 318-356, August.
    2. Nirosha Hewa Wellalage & Stuart Locke & Helen Samujh, 2020. "Firm bribery and credit access: evidence from Indian SMEs," Small Business Economics, Springer, vol. 55(1), pages 283-304, June.
    3. Neil Lee, 2017. "Powerhouse of cards? Understanding the ‘Northern Powerhouse’," Regional Studies, Taylor & Francis Journals, vol. 51(3), pages 478-489, March.
    4. Lee, Neil & Brown, Ross, 2016. "Innovation, SMEs and the liability of distance: the demand and supply of bank funding in peripheral UK regions," LSE Research Online Documents on Economics 66215, London School of Economics and Political Science, LSE Library.
    5. Bertoni, Fabio & Martí, Jose & Reverte, Carmelo, 2019. "The impact of government-supported participative loans on the growth of entrepreneurial ventures," Research Policy, Elsevier, vol. 48(1), pages 371-384.
    6. Brown, Ross & Lee, Neil, 2014. "Funding issues confronting high growth SMEs in the UK," LSE Research Online Documents on Economics 57264, London School of Economics and Political Science, LSE Library.
    7. Marcin Kedzior & Barbara Grabinska & Konrad Grabinski & Dorota Kedzior, 2020. "Capital Structure Choices in Technology Firms: Empirical Results from Polish Listed Companies," JRFM, MDPI, vol. 13(9), pages 1-20, September.
    8. Lee, Neil & Sameen, Hiba & Cowling, Marc, 2015. "Access to finance for innovative SMEs since the financial crisis," Research Policy, Elsevier, vol. 44(2), pages 370-380.
    9. N Henry & J Pollard & P Sissons & J Ferreira & M Coombes, 2017. "Banking on exclusion: Data disclosure and geographies of UK personal lending markets," Environment and Planning A, , vol. 49(9), pages 2046-2064, September.
    10. Mabel Sánchez Barrioluengo & Elvira Uyarra & Fumi Kitagawa, 2016. "The Evolution Of Triple Helix Dynamics: The Case Of English Higher Education Institutions," Working Papers 32, Birkbeck Centre for Innovation Management Research, revised Jul 2016.

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