Area Based Collaborative Enterprise concerns the ways in which local entrepreneurs join forces and form collectives to stimulate business growth and innovation, and to create a more attractive business environment. A clear example in a UK context would be a Business Improvement District.
The project ABCities is funded by INTERREG, a programme aims to help regional and local government to develop and deliver better policy by creating opportunities for sharing solutions to ensure government investment, innovation and interventions lead to integrated and sustainable impact for people and place, by embedding new guidance and measures within existing policy for area based economic development.
The challenge, therefore, is not necessarily poor policy,
but a concern about the mechanisms and techniques used by state institutions to
deliver place based policy.
Manchester is one of five European regions set to benefit from a new European fund designed to help regional and local governments to develop and deliver better town centre policy.
The Institute of Place Management (IPM) at Manchester Metropolitan University will utilise part of a £1.5 million grant from the European funding body Interreg, to investigate how companies, councils and other local groups can work together more effectively to improve their town centres. One of the major outcomes of the work will be a nationwide audit of Business Improvement Districts (BIDs) and their achievements.