Glossary

Anchor institution: A large organisation with significant assets and resources that can be channelled in different ways to support community regeneration. Such organisations are called ‘anchors’ because they are unlikely to move – they are rooted in place.

Degrowth: The idea that economic growth is not compatible with environmental sustainability and that decreasing resource consumption is required to achieve human wellbeing in the long term.

Economic development: Proactive approaches to shaping economic progress. Local economic development activities in the UK are often carried out by organisations such as local authorities or local enterprise partnerships.

Economic growth: Increases in GDP over time. There is an association between GDP and health outcomes, though the relationship between them is complex.

Green growth: Economic growth and development which is environmentally sustainable and creates the conditions that are good for people’s health.

Gross domestic product (GDP): The market value of goods and services produced by a country in a particular time period; often used as a major indicator of economic performance and success.

Gross value added (GVA): A regional indicator used to measure added value. GVA is not directly translatable to GDP or productivity.

Health inequalities: The difference in health outcomes across population groups, often due to differences in social, economic, environmental or commercial factors.

Inclusive economy: An economy in which there are opportunities for all and prosperity is widely shared.

Inclusive growth: A way of thinking about and pursuing economic development that emphasises the importance of giving everyone in society a stake in economic growth by ensuring its benefits are fairly distributed.

Industrial strategy: A collection of economic policies that a national, regional or local authority commits to pursuing, which aims to achieve objectives that may not only be economic.

Local enterprise partnerships: Organisations in England made up of local authorities and businesses that promote local economic development.

Postgrowth: Moving beyond a focus purely on economic growth to pursue sustainable human wellbeing.

Wider determinants of health: The social, cultural, political, economic, commercial and environmental factors that shape the conditions in which people are born, grow, live, work and age. They may be called 'structural' or 'upstream' factors.

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