Several deep-dive studies have been undertaken to understand the dynamics behind different areas and their populations and to explore the approaches needed to develop strong foundational economies and well-being.
Small towns, big issues: aligning business models, organisation, imagination (2021).
Luca Calafati, Julie Froud, Colin Haslam, Sukhdev Johal and Karel Williams. Foundational Economy Research for Welsh Government’s Home and Places Division and Education and Public Services Group
The business potential of the foundational economy in the south Wales valleys (2020).
A report, funded by Welsh Government’s Foundational Economy Challenge Fund, drawing lessons from interviews with businesses of the foundational economy across three communities in the south Wales valleys – Cwmafan, Treharris and Treherbert. Authors conclude that across all communities, there are businesses with potential to grow from micro and small businesses into successful SMEs. The authors argue that, given the types of businesses that exist in the south Wales valleys, developing the foundational economy requires a different approach to past economic measures. They suggest support tailored and targeted to micro businesses, with more effective communication between business, support services, local and Welsh Government and addressing the lack of availability for premises suitable for expansion including conversion of empty properties. A sister report published by the Bevan Foundation, Consumer spending in the foundational economy (2021), Lloyd Jones looks at the foundational economy within the same communities but from the perspective of the consumer.
Enabling renewal: future education and building better citizenship, occupations and business communities in Wales (2020).
John Buchanan, Julie Froud, Mark Lang, Caroline Lloyd, Bruce Smith and Karel Williams. foundational economy.com for ColegauCymru
How an ordinary place works: understanding Morriston (2019).
Luca Calafati, Jill Ebrey, Julie Froud, Colin Haslam, Sukhdev Johal and Karel Williams. foundational economy.com
Research aiming to understand how Morriston, Swansea works to deliver well-being to the people who live there. Authors argue that this well-being depends on the functioning of foundational services and that understanding a place using metrics of well-being, rather than traditional economic metrics, can support new policy to tackle to liveability issues that truly matter to citizens. In this vein, the authors provide policy ideas for a town plan to revitalise Morriston’s social infrastructure.