I wrote this short provocation piece about changing urban project finance for an Academy of Urbanism roundtable organised last week with the Prince’s Foundation. It is also inspired by the project we are building with CABE and NESTA: a Compendium on the Civic Economy.
“It is a truism that in the rapidly changing economic, social and policy context, we will require a different set of mechanisms and pathways to unlock the investment streams required to re-think places. And if it is still true that ‘form follows finance’, this inevitably implies a different place-making mode. The financial logic underlying the Urban Renaissance has collapsed – so what will replace it?
The answer to this question is a contested terrain. We can, however, identify multiple emergent practices, some of which have been with us for some time now whereas others are more incipient. It is possible to outline some of the characteristic dynamics of these new practices. In particular we suggest three main parameters of change:
use as service…”
[see 00_Whatformfollowswhichfinance for the rest of the 2 pager]