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Subnational economic governance has witnessed ongoing transformation as part of what is argued as a financialization of the policy process. Within England, recent reform has seen two specific tendencies: a transformation attempting greater integration between industrial structure and subnational spaces; and more entrepreneurial practices incorporating businesses as key actors. Here, city-regional agglomeration models have been adopted to activate internal resource. This paper explores the effect of these changes on policy continuity amongst constituent parts of the city-region through the concept of goodwill. It focuses on the Greater Birmingham and Solihull region of the UK and its relationship with a constituent locality: Southern Staffordshire. It argues reform has redrawn the subnational map with greater sensitivity around industrial structure. Adapting modes of financializing the governance process, however, using city-regions' presumed benefits around competitiveness and efficiency, frame this sensitivity. A form of goodwill has thus emerged founded around compliance with orthodox city-regional interpretations, supplementing financial shortfalls yet reinforcing further space–policy separation. [ABSTRACT FROM AUTHOR]

The decline of the regionalist era and introduction of localism has set a number of emerging issues for economic development at the local level. Amongst the spatial, organisational and functional challenges facing local government a prevalent one is re-engineering a local development trajectory to represent this new environment. The dissolution of the regional governance hierarchy alongside a fundamental shift in aspirations for economic shape and structure has forced localities to reconsider approaches to both economic development and spatial economy. Using an action-based case study of the Borough of Poole, a coastal conurbation in Southern England, this article looks at the local response in revising the economic development strategy through a contextual benchmarking approach. It proposes an alternative method to adopt in developing local strategy contributing toward questions on defining spatial economy, integrating local context and actors, and adapting to a wider set of structural and fiscal issues. [ABSTRACT FROM AUTHOR]