The UK is currently at the beginning of what is expected to be the deepest recession in living memory. From a policy point of view, governments around the world are facing the daunting task of navigating a route through uncharted territory. As the recently launched cross-institutional Economics Observatory noted last month, “sound and non-partisan advice is needed to inform decision-makers across all parts of society, about the choices they face in dealing with the crisis and the recovery”.
Key role of economic development and sustainability in the Covid-19 recovery
As statistical analysis suggests that Scotland’s GDP fell 18.9% during the month of April, and that in May output remains 22.1% below the level in February, the need for a recovery approach that is based on empowering regions, cities and local communities is clear.
The independent Advisory Group established by the Scottish Government to advise on Scotland’s economic recovery in the wake of the COVID-19 pandemic, published its report at the end of June. This identified interventions to support Scotland’s economic recovery within the context of the strategic goal of shifting to a greener, fairer and more inclusive economy with wellbeing at its heart.
New economic development initiatives and programmes in response to the pandemic have already been launched in Scotland. Some are focusing on helping specific sectors such as tourism and the creative industries. There is also a recognition that it is important during the recovery to build on current strengths, such as inward investment and low-carbon technologies.
What works in economic development
Here at the Knowledge Exchange, we’re committed to supporting the use of evidence to inform policy development and practice. So in the light of the current importance of economic development, we thought we’d highlight a useful resource which makes available the results of evaluation work and research in order to enhance decision-making and investment in the future.
Evaluations Online is a public portal providing access to a collection of evaluation and economic development research reports commissioned by Scottish Enterprise, Scotland’s main economic development agency.
Ensuring that public investment generates economic and social benefits, and long-term inclusive growth for Scotland is core to Scottish Enterprise’s remit. Making evaluation and research reports publicly available supports this aim, as well as ensuring transparency.
Established for over a decade, the site now contains over 750 research and evaluation reports dealing with different aspects of economic development activity, such as business support, investment, sector growth and improving skills. All of the reports are publicly accessible and free to access.
Learning lessons from previous programmes
Developing the economic response to Covid-19 is happening at a much faster pace than usual policy-making cycles. It is important, though, that spending and investment is focused on areas that will have most impact, and will also contribute to the overall goals of supporting jobs, protecting and progressing education and skills, and tackling inequality. Considering lessons from previous interventions when commissioning new projects or allocating funding, is one way to address effectiveness.
It’s worth repeating that repositories of evidence can help bring about better policy in a number of ways:
improving accountability by making it easier for people to scrutinise the activities and spending of public sector organisations;
improving the visibility and therefore the impact of evidence;
helping identify gaps in evidence by making it easier to compare research findings; and
increasing our understanding of what works (‘good practice’), not only in the activities covered, but also in evaluation and research methods.
Evaluations Online offers resources in key areas such as entrepreneurship, regeneration, social enterprise, economic inclusion, skills development, financing, inward investment and commercialisation, as well as by sector. In recent years, questions about inclusive growth and generating social value have also become more important policy issues.
Some of the most popular recent reports added to the site have focused on:
It’s clear that there are huge sectoral and regional challenges within the economy which will need faced immediately and in the longer term, as a result of Covid-19. Business practices have changed, as have all our lives. But we believe that the use of evidence and research will be fundamental in successful recovery and the transition towards a greener, net-zero and wellbeing economy.
The Knowledge Exchange work with Scottish Enterprise to manage the Evaluations Online portal.
Evaluations Online is a publicly accessible collection of evaluation and research reports from Scottish Enterprise. The reports cover all aspects of Scottish Enterprise’s economic development activities and are available for download at no cost.