Backing the UK
Thriving Local Economies
At a time of economic change, it’s really important to work together to help the UK to go forward. We believe that economic success comes from the hard work of people and businesses in local communities around the UK. Partnering with them and others, we will learn about different types of economy and commit to action on the ground – beyond our day-to-day products and services – to help those economies thrive.
The UK is a diverse country with thousands of local communities in cities, towns and villages. Each community is also a ‘local economy’ with its own strengths and opportunities as well as challenges. Through our ‘Thriving Local Economies’ initiative, Barclays wants to help identify the drivers of, and barriers to, local economic success.
Our first pilot: Bury
Bury, in Greater Manchester, will be our first pilot area. Barclays has been present in Bury, in one form or another, since 1798 when woollen merchants John Grundy and Abraham Wood founded a predecessor bank based in Silver Street. Historically famed for its cotton industry, today Bury has a more diversified local economy.
Find out more about the research reports and collected data behind the Thriving Local Economies initiative.
Barclays launches initiative to build thriving local economies
Barclays is joining forces with local authorities, academics, schools and business groups to boost local economic growth, under a major five-year programme announced today.
The Building Thriving Local Economies initiative has been launched by Ashok Vaswani, Barclays UK CEO, in order to help ensure that every part of the country can fulfil its potential and inform what companies like Barclays can do to help economies to thrive.
How Bury can help solve the UK's productivity crisis
Ashok Vaswani, CEO, Barclays UK, gives his views on how the Greater Manchester market town can help identify and share new ways to unlock growth regionally and nationally.