LOCAL ENTERPRISE BOARDS: THE SHORT HISTORY OF A RADICAL INITIATIVE

Abstract

Local enterprise boards were first developed as radical initiatives For economic intervention in the early 1980s. Despite the closeness of their dates of birth, however, and the apparent similarity of the organizational forms (and titles) which they adopted, the differences between the boards were as significant as their shared features. The ambitions of each of the five first‐wave boards were quite distinct. Some were more radical than others: some were concerned to challenge the market, whilst others were more concerned to work with it. But the experience of market‐based intervention through the last decade as well as the legislative and financial constraints imposed by central government have encouraged a degree of convergence, particularly as grander ambitions have been modified. Partnership with the private sector (including the financial sector) became increasingly important for all of them, to the extent that legislation to restrict the operation of local authority based companies of this sort seems misplaced, at least if it is intended to undermine local socialism. The enterprise boards now seem to offer a better model for the involvement of business in regional and local government, than they do as trojan horses for the local authority left.