Inclusive growth is economic growth that creates opportunity for all segments of the population and distributes the dividends of increased prosperity, both in monetary and non-monetary terms, fairly across society.
In many countries, people have not seen their incomes rise for years. The gap between rich and poor has widened, with those at the top capturing the ‘lion’s share’ of growth. Rising inequality in earnings and in wealth is a major concern, but money is just one aspect of people’s well-being. In just about every area, whether it be education, life expectancy, or employment prospects, success is determined by socio-economic status, wealth and assets, sex, age or the places where people live. (OECD)
Greater Manchester Inclusive Growth Analysis Unit
The unit was set up in January 2016 as an independent analytic resource to help make poverty reduction central to processes of economic growth and devolution in Greater Manchester, and to provide research, analysis and insight on inclusive growth in other UK cities. The unit is jointly funded by the University of Manchester’s Faculty of Humanities, as part of its commitment to making a difference and addressing inequalities in our city region, and the Joseph Rowntree Foundation, as part of its programme of work on cities, growth and poverty reduction.
IGAU have published a series of short policy briefings which are available from the University of Manchester website.
The first of these was launched in March 2017. Leading Inclusive Growth in Greater Manchester - http://hummedia.manchester.ac.uk/institutes/mui/igau/briefings/IGAU-Overview-briefing.pdf? This briefing looked at the current situation in GM and its particular challenges, explored what it would mean for Greater Manchester if it, including the newly elected mayor, adopted inclusive growth as an ‘organising principle’, and looked at examples from other cities that GM could follow.
There were also a number of suggestions for the new mayor to consider which aim to encourage inclusive growth (listed below). Of particular interest to VCSE organisations is the following, "Adopt and model a distributed approach to leading inclusive growth. Start by identifying leaders within the private sector, anchor institutions and the VCSE sector and engaging them in action-orientated projects to learn about how they can drive inclusive growth and how that work can be supported."
The Head of the IGAU, Professor Ruth Lupton, spoke at the Manchester Voluntary Sector Assembly in February 2017 and a video of her presentation is available here - https://www.manchestercommunitycentral.org/voluntary-sector-assembly-28-february-2017