Institutional Investment in the UK Private Sector

2003 ◽  
Urban Studies ◽  
2021 ◽  
pp. 004209802110178
Author(s):  
Frances Brill

This article argues that urban governance, and academic theorisations of it, have focused on the role and strategies of real estate developers at the expense of understanding how investors are shaped by regulatory environments. In contrast, using the case of institutional investment in London’s private rental housing (Build to Rent), in this article I argue that unpacking the private sector and the development process helps reveal different types of risk which necessitate variegated responses from within the real estate sector. In doing so, I demonstrate the complexities of the private sector in urban development, especially housing provision, and the limitations of a binary conceptualised around pro- and anti-development narratives when discussing planning decisions. Instead, I show the multiplicity of responses from within the private sector, and how these reflect particular approaches to risk management. Uncovering this helps theorise the complexities of governing housing systems and demonstrates the potential for risk-based urban governance analysis in the future.


2021 ◽  
pp. 232102222098054
Author(s):  
Panayiotis Tzeremes

This study unfurls the non-linear behaviour of regional house prices in the United Kingdom by employing quarterly observations spanning the period 1992Q1–2017Q4. Our enquiry aims at examining UK house prices within a multivariable framework and, more specifically, by employing panel quantile regression with fixed effect. In brief, the empirical findings obtained from these methodologies indicate that the UK house prices are influenced at lower and upper quantiles, and that precisely they are influenced by variables such as income, private sector housing starts and employment. We highly support that there is a strong heterogeneity among UK regions and that asymmetry may be one of the keys of the ripple effect. Particularly, the income shows a positively significant performance at lower and higher regional house prices. Moreover, the variables private sector housing starts and employment rate are statistically significant for house prices. Leveraging for first-time panel quantile regression for the case of regional house prices in the UK, policymakers will have a profound understanding of regional house prices. JEL Classifications: C22, R21, R31


Author(s):  
Peter North

Building on the diverse economies perspective of JK Gibson-Graham, this chapter discusses how conceptions of just and sustainable economies in the context of the Anthropocene can be generated and, more importantly, performed through social and solidarity economies in the global North. It reviews concepts of the SSE in the global North, and discusses the extent that the UK social economy sector has been tamed and neoliberalised as more antagonistic conceptions of co-operative and grassroots economies created by green and socialist activists in the 1970s and 1980s have been transformed into neoliberal conceptions of social enterprise, with an inbuilt assumption that the private sector is more effective than the public. It discusses how in conditions of austerity social enterprise can legitimate the abandonment of socially excluded communities, and that to counter this, the social economy sector in the UK should develop more antagonistic perspectives, learning from Latin Americans. Finally, it discusses the contribution of Transition Initiatives in rekindling conceptions of grassroots sustainable economies.


1989 ◽  
Vol 3 (2) ◽  
pp. 107-111
Author(s):  
Michael T. Tobert

The UK, as far as we can discover, is currently the only country in the world that has an expertise database for its research community. It is one of the few countries that entrusts this sort of development to the private sector. I would like to look at how this has come about, comment on two factors that I think have influenced the outcome - namely size and quality - say something about who uses the database and where it is all leading.


Author(s):  
Malcolm John Prowle

In 1989 the UK implemented a form of political devolution to Wales, Scotland and Northern Ireland such that certain public policy areas, including health, became the responsibility of devolved Parliament or Assemblies and not the London based Parliament and Government. In the case of Wales, the Welsh Government is faced with a series of daunting challenges in relation to the future provision of health care but, unlike the situation in England, has rejected any significant increase in the involvement of the private sector in health care provision. The magnitude of the challenges faced in coping with the impacts of financial austerity on the Welsh health budget suggest there may be a role for the private sector to play in relation to the provision of health care in Wales. This paper explores those potential roles concerning: the supply of services to the NHS in Wales, the supply of health services to the Welsh population and the financing of Welsh health services.


1997 ◽  
Vol 31 (1) ◽  
pp. 95-104 ◽  
Author(s):  
Graham Meadows

Objective:To provide background information on the approach of area based funding models for mental health services, to describe the considerations which have come to bear in the development process of the Victorian model, to explore the impacts of different models, and to suggest courses for further development. Method:The history of this approach to funding in the UK and the USA is summarised, then an account is given of the development of the Victorian model. The position is put that the validation of such models is hampered by having only sparse relevant data. Suggestions are made for improving this situation. Results:The Victorian model has come to include adjustments for socioeconomic disadvantage, the age, sex and marital status structure of the population, and a variable discounting for estimated substitutive activity of the private sector. Different methods of combining these adjustments into a working formula can be seen to have very different impacts. Conclusions:The approach taken in development of this model can be expected to have major influence on funding within Victoria, but also more widely in Australia. The impacts of differing assumptions within these models are significant. Specifically targeted epidemiological research, and activity analysis of the private sector will be necessary to enhance the validity of models of this type.


1995 ◽  
Vol 1 (2) ◽  
pp. 155-249 ◽  
Author(s):  
C.G. Lewin ◽  
S.A. Carne ◽  
N.F.C. de Rivaz ◽  
R.E.G. Hall ◽  
K.J. McKelvey ◽  
...  

ABSTRACTThe paper surveys the present state of knowledge about the appraisal and control of capital projects, and identifies the useful contribution which actuaries can make to the process.Relevant theoretical considerations are discussed, including the choice of appropriate discount rates for use by companies when screening proposals. It is recommended that discount rates should be lower than those commonly used. Some practical working methods are summarised and examples are given of how risk analysis can be carried out, for both simple and complex appraisals. Attention is drawn to the special ‘social’ considerations which may apply in the case of Government projects. The opportunities now opening up for joint ventures between the UK Government and private sector partners are examined, and it is concluded that proper sharing of costs and risks can facilitate arrangements which are acceptable to both sides.The paper concludes with a discussion of the procedures which companies can use to identify, appraise, control and monitor projects.


Subject The United Kingdom's new cybersecurity strategy. Significance The UK government on November 1 published its Cybersecurity Strategy for 2016-21. The new strategy doubles the previous investment in cyber to 1.9 billion pounds (2.4 billion dollars) during a time of government cutbacks, making it clear that the government regards cybersecurity as a priority. Impacts Despite serious investment, the government will still face a challenge in recruiting those with the required cyber skills. Given the expertise in the private sector, public-private partnerships will continue to be vital for protecting UK networks. ‘Naming and shaming’ cyber aggressors may become more prevalent as states seek to deter further cyberattacks. Governments may also increasingly focus on developing offensive cyber tools that can be used to counter-strike.


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