COIN Open Day - Inclusive Growth Index

Coin Open Days → more info

Date of event: Friday, June 12, 2020 - 09:30 to 12:30

Where: Online

Aim:

This workshop brings together Croydon Council (UK) with scientists of the European Commission’s Competence Centre on Composite Indicators and Scoreboards (COIN) with a view to discuss together how to further improve the Global Entrepreneurship Monitor and to ensure that it is developed using the highest standards in composite indicator methodology.

Description:

The Inclusive Growth Index (IGI) is a tool that aims to simplify the process of monitoring vast datasets and analysing many separate indicators by codifying them under three main domains and ultimately under one ‘Inclusive Growth Index’ that is much easier to interpret . Regeneration managers and decision makers will use the index to gather evidence on what types of interventions should be delivered and where investment should be prioritised to improve the IGI rank of a place and balance the disparity within the same area and between areas.

Societal impact:

It is imperative that the flow of opportunities and benefits from Croydon’s future growth addresses the social and economic inequality which is hampering long term economic performance and the potential of our people and places.

Managers and decision makers need to use internal and publicly available data to:

• Gain a better insight into our people, economy, environment and places
• Evaluate the socio-economic performance of our places, compare them against each other and against recognised benchmarks
• Identify where growth is happening and how inclusive this is
• Evidence where growth opportunities are and where barriers remain
• Coordinate and optimise the allocation of financial resources
• Provide additional confidence to local, regional and national public and private funders, showing the impact of devolved external funding and how they can be used to address specific productivity challenges and maximise economic value for an area.