Renaisi project Invest in Hackney, Hackney’s inward investment agency, was commissioned by Hackney Strategic Partnership to investigate inward investment opportunities within the borough – in particular to look at the barriers to inward investment and the relationship between enterprise and worklessness.
Lindsay Tripp, Head of Invest in Hackney said, “Over the past few years Hackney has established itself as a viable business destination, benefiting from a significantly higher that average number of business start-ups. However, there are still not enough suitable jobs generated to meet the needs of the working age population, and we need to understand why this is the case”.
The research project investigated the relationship between enterprise creation and worklessness and also explored barriers to growth, business retention, and how best to support the expansion of small and medium sized businesses in the borough. The intelligence gathering exercise enabled Team Hackney to evaluate the opportunities for inward investment in the borough and to find ways for inward investment to translate into job opportunities for local people.
The research was conducted between October 2007 – March 2008 and was used to inform the development of an inward investment strategy for Hackney, which included a framework for managing and capitalizing on inward investment in relation to the 2012 games.
