Growing the Core Economy: An opportunity for co-production - MaRS Global Leadership
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nef (the new economics foundation) 1
Growing the Core Economy an opportunity
for co-production
Lucie Stephens, Head of Co-production nef (the new economics foundation)
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Overview
• About nef (the new economics foundation) • The challenges we face • Introducing the core economy • Defining co-production • Co-producing well-being • Challenges to implementation
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About nef
• Independent ‘think and do’ tank in London, UK
• Seeking sustainable social justice: the three economies
• Developed a range of practical tools and publications including well-being, SROI and timebanking
• Work alongside practitioners to promote innovative
solutions
• Preparing for the ‘Great Transition’
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The challenges we face
• Widening social and economic inequalities • Demographic changes and growing health demands • Accelerating climate change and environmental
degradation • Severe energy shortages on the way • Continuing recession Economic growth is unlikely and undesirable
We need to pursue prosperity without growth
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Addressing well-being
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Our proposition
A prosperous future needs three
economies working together – Planet : the natural economy – Markets: a regulated market economy – People: the human or ‘core’ economy
(Green Well Fair, nef 2009)
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Here’s the real wealth
The “core economy” is made up of
countless under-valued and
priceless human and social
assets that make it
possible for society to flourish.
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Elinor Ostrom
1933-2012
Nobel Prize for
Economics, 2009
Origins of co-production
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Defining co-production
‘Co-production is a relationship where professionals and citizens share power to plan and deliver support together, recognising that both partners have vital contributions to make in order to improve quality of life for people and communities’.
Co-production critical friends group, 2012
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Six elements of co-production
• Seeing people as assets • Building on our capabilities • Developing mutuality and reciprocity • Investing in networks to share information • Blurring distinctions between producers and
consumers • Facilitating rather than delivering services
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http://www.youtube.com/watch?v=aKATrzUV2YI
Have a look at this…
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Co-producing services Professionals design services
People & professionals co-design services
People design services
Professionals deliver services
Traditional service model
Co-designed services
Professionals & people co-deliver services
Co-delivered services
Co-production
People deliver services
People trained to deliver services
Self-organised community provision
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Well-being
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Self Determination Theory
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5 ways to wellbeing
• Connect • Be active • Keep learning • Take notice • Give
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Where is co-production?
• When people or organisations identify with core values and principles
• In response to pressure from people who use services
• Where personalisation and personal budgets are implemented
• When commissioners and other funders explicitly seek to fund it.
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Value of co-production
Monetary value to
individuals and the state
Increased capacity and
imapct of public
services
Intrinsic value for individuals
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Challenges to implementation • Service cuts and the Big Society • Getting the metrics right • Time poverty • Improving funding approaches • Balancing scale and localism • Culture change