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Renewing neighbourhoodsWork, enterprise and governance$
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Stephen Syrett

Print publication date: 2008

Print ISBN-13: 9781861348623

Published to Policy Press Scholarship Online: March 2012

DOI: 10.1332/policypress/9781861348623.001.0001

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Enterprise and entrepreneurship

Enterprise and entrepreneurship

(p.143) Four Enterprise and entrepreneurship
Renewing neighbourhoods

Stephen Syrett

David North

Policy Press

This chapter presents the role of enterprise and entrepreneurship in renewing neighbourhoods. It discusses research evidence relating to various kinds of enterprise activity within the context of regenerating deprived local economies and communities, which distinguishes between exogenous and endogenous sources of enterprise investment. The chapter reviews proof relating to inward investment and discusses the enterprise demographics of deprived neighbourhoods, including the roles played by black and minority ethnic businesses (BMEBs), social enterprises and informal economic activities. The chapter also examines the treatment of the issue of stimulating enterprise under different policy approaches to tackling the problems of deprived areas over the last three decades. Finally, the chapter discusses the differences between various policy initiatives under the New Labour governments to stimulate new and existing enterprises in deprived areas and to encourage people from various marginalized groups to consider self-employment or starting a new business.

Keywords:   enterprise, entrepreneurship, investment, enterprise demographics, deprived neighbourhoods, minority ethnic businesses, New Labour, marginalized groups

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