The Newcastle employment bond: investing in local communities

Affleck, Arthur and Mellor, Mary (2005) The Newcastle employment bond: investing in local communities. Local Economy, 20 (1). pp. 23-66. ISSN 0269-0942

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Concern with social exclusion and neighbourhood renewal has often focused on economic regeneration and new ways of stimulating employment or self-employment in local economies. One recent initiative has been to raise private money through a bond with the social aim of creating local employment. This paper explores the Newcastle Employment Bond, its structure, the philosophy behind it and the motivations and expectations of the people and organisations who invested in it. The paper asks whether the Bond can be seen as a model of 'Third Way' thinking, providing an alternative to state funding of social exclusion and employment initiatives or reliance on purely profit-oriented economic regeneration.

Item Type: Article
Subjects: N600 Human Resource Management
Department: Faculties > Arts, Design and Social Sciences > Social Sciences
Depositing User: EPrint Services
Date Deposited: 23 May 2008 13:47
Last Modified: 12 Oct 2019 19:30

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