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Business Reorganisation and Regional Development: The Case of the British Building Societies Movement

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  • C J S Gentle
  • J N Marshall
  • M G Coombes

Abstract

In this paper the impact of corporate restructuring in the British building societies movement is examined as an example of the changing organisation of the financial services industry, a significant component of the service sector. It is argued that regulatory changes, which have broken down the segmented and compartmentalised nature of the financial sector, have provided the opportunity for large building societies to diversify into new markets, and this in turn has encouraged a round of innovation in the financial services industry. It is also suggested that as the building society movement has become more deeply integrated into the financial sector as a whole, this has promoted a drift in employment towards the south and east of the country and a shift back to larger urban areas in the provinces.

Suggested Citation

  • C J S Gentle & J N Marshall & M G Coombes, 1991. "Business Reorganisation and Regional Development: The Case of the British Building Societies Movement," Environment and Planning A, , vol. 23(12), pages 1759-1777, December.
  • Handle: RePEc:sae:envira:v:23:y:1991:i:12:p:1759-1777
    DOI: 10.1068/a231759
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    References listed on IDEAS

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    1. Leigh Drake, 1989. "The Building Society Industry in Transition," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-09680-0, March.
    2. David T. Llewellyn, 1990. "Competition and Structural Change in the British Financial System," Palgrave Macmillan Books, in: Edward P. M. Gardener (ed.), The Future of Financial Systems and Services, chapter 2, pages 15-35, Palgrave Macmillan.
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