Is the ‘Credit Crunch’ impacting on your economy?

Plaster working on a housing development
Posted on:
Tuesday, 12th August 2008 at 4:45pm

Minister seeks your views!

Local Government Minister John Healey has commissioned a rapid and independent study on the impacts and implications of the ‘Credit Crunch’ on regeneration and economies. It's important that any action that the government may take is informed by an understanding of the challenges faced by rural communities, as well as those of cities and urban areas. We have agreed with the study’s principal author, Professor Michael Parkinson of Liverpool John Moore’s University, to collate and feed a rural perspective into the study.  His report will be shared with Ministers in late September and October and published.

 

This is your opportunity to make the government aware of impacts and concerns in your rural communities and businesses.  They want to know what is happening to economic activity and development, what might happen and who should do what about it.


To inform the study we are seeking and submitting information and commentary from rural communities and businesses, their representatives and agencies, concentrating on: 

  • What impacts are current financial difficulties having on employment; on investment; on property including housing; on community activity, on private and public sector economic development activity and plans?
  • How can these impacts and risks be reduced?  Are you taking such steps?
  • What is needed to stimulate recovery and regeneration in future?

This will be captured in a short paper to be sent to Professor Parkinson by late September, and rural evidence and commentary will be incorporated into his report to the Minister.


To help ensure the rural voice is clearly heard please send your comments and any supporting evidence to our Rural Economies team by 15 September, at louise.rixham@ruralcommunities.gov.uk. Please identify the type of organisation, agency or business that you are writing about, as well its local authority or post code to help us allocate views to the different rural areas.  Please draw this opportunity to the attention of your network of peers and colleagues and encourage them to contribute.

If you prefer to offer your views directly and online, Professor Parkinson has created an online survey

Comments

1
Unsurprisingly the cost of oil is having huge impact with rural families depending on oil for both heating and cooking. I am aware of small farmers in less favoured areas e.g upland afraid to buy oil for winter as the poor summer has also meant they've had difficulty making good quality or sufficient hay to see cattle through winter. They cannot afford the increased cost of fertiliser but the sheep and beef cattle must come first so families are under strain and breaking up.  A single person struggling to maintain his/her livelihood is not entitled to any state help so tries working all hours. Many would normally take casual work to fit in with harvest, TB testing etc but jobs connected to the building trades, retailing  for instance have dried up. The improved wheat price is no help to these people.  Funding for new enterprises or help in bringing ideas to fruition seems harder to discover.  A bleak outlook leaves many currently feeling desperate. We should recognise the immense contribution these people can bring to our economy and prevent the bullying supermarkets taking control of the country's future.
Posted by  at 5:49pm on Sunday, 17th August 2008
2
The biggest impact on my business - Tourism / property lets - is the unknown facts and lack of direction or decision making from the Government. It's like everyone is holding their breath until they are sure which way to move. Rising costs for fuel utilities will set my business back 2 years at least. My tariff for 2009 had to be set earlier this year - without a hint of what was to come. Small business rate support etc should now be on an agenda somewhere for consideration
Posted by Mary Webb  at 8:39pm on Tuesday, 19th August 2008
3
Building firms are reported to be laying off staff. The building industry has achieved significant growth in the local economy as a result of housing policy. A proposal for a new town having passed through the planning process is now unlikely to commence due to risks of development.       
Posted by  at 3:35pm on Wednesday, 20th August 2008
4

Thank you all for your comments so far, which we've passed onto our Strong and Prosperous Rural Economies team.

Posted by Russell Tanner  at 11:50am on Thursday, 21st August 2008

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