Universities as anchor institutions in cities in a turbulent funding environment: vulnerable institutions and vulnerable places in England

Abstract

This work is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License Newcastle University ePrints-eprint.ncl.ac.uk Goddard J, Coombes M, Kempton L, Vallance P. Universities as anchor institutions in cities in a turbulent funding environment: vulnerable institutions and vulnerable places in England.

Universities and economic development in lagging regions: ‘triple helix’ policy in Wales

“…They are expected to take an active role in the development of their regions (Goddard, Coombes, Kempton, & Vallance, 2014) through activities such as technology transfer, university-industry partnerships, and educational curricula to match the demand of local industry, widely studied through case studies and broader theorization around the changing roles of universities. For example, the triple helix concept posits that interactions between university, industry and government spheres drive innovation in the knowledge economy (Etzkowitz & Leydesdorff, 1997); it is used to study economic development and knowledge exchange functions of universities, and to make policy recommendations (Todeva, 2013).…”

Universities as Anchor Institutions: Economic and Social Potential for Urban Development

“…Additionally, universities prove to be inherently stable organizations even during times of economic downturn. This stability makes universities useful institutions around which to develop economic strategies; city leaders can rely on the fi nancial steadiness of universities even during poor economic situations (Goddard et al, 2014 ). Future research can help the fi eld better understand the various ways large metropolitan cities and universities interact as mitigated by history, context, and culture.…”

“…Although these areas of growth challenge our understanding of anchor institutions, the research literature fails to fully explore the anchor institution concept in light of current challenges facing higher education. Universities are place-bound organizations with major ties to their local communities (Anchor Institution Task Force, 2009 ;Birch, Perry, & Taylor, 2013 ;Cantor et al, 2013 ;Friedman et al, 2013 ;Goddard, Coombes, Kempton, & Vallance, 2014 ;Initiative for a Competitive Inner City, 2011 ;Serang et al, 2010 ;Taylor & Luter, 2013 ;The Work Foundation, 2010 ). However, institutions also increasingly offer online courses which extending their reach beyond their city, state, or even nation.…”

“…Similar to the role of a large department store providing an economic anchor within a shopping mall, proponents suggest anchor institutions generate jobs, attract industry, provide cultural opportunities, and work to improve the condition of a community (Hodges & Dubb, 2012 ;Initiative for a Competitive Inner City, 2011 ;Taylor & Luter, 2013 ). Goddard et al ( 2014 ) defi ne anchor institutions as "large, locally embedded institutions, typically ( 2010 ) contends that, while city development is often not a primary mission of these institutions, anchor institutions possess local connections and community relationships as well as the ability to scale resources that can serve as a valuable foundation for development strategies. Anchor institutions have numerous avenues for potential city involvement.…”

“…As noted throughout this chapter, many authors Goddard et al, 2014 ;Taylor & Luter, 2013 ) has not yet suffi ciently tested these claims empirically.…”