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Research Article

Place-based business support towards net zero: enabling through the place-policy-practice nexus

orcid-imagePolina Baranovaemail-imagePolina Baranova

Dr Polina Baranova FHEA CMCMI is an Associate Professor of Strategy and Sustainability at the Derby Business School, University of Derby. The research of Polina Baranova lies at the intersection of strategy, strategic management, business and society. In particular, Dr Baranova is engaged in multidisciplinary research into SME approaches towards environmental sustainability, the relevant environmental strategies and support mechanisms that drive pro-environmental performance of SMEs. Her study of environmental capabilities and place-based support mechanisms towards green growth has led to publications in Business Strategy and the Environment, Business Ethics: European Review and Local Economy journals.

email-image p.baranova@derby.ac.uk

Abstract

The prevailing approach of policymakers to the design and delivery of net zero business support remains focused on financial economic growth. This approach limits the role of businesses in leading societal transformation towards a sustainable future. Although opportunities for businesses to transform so that they remain financially viable and resilient may emerge, support and policy innovation are needed to enable businesses to navigate the net zero transition. Place-based policies are one way of ensuring localities, cities and regions respond effectively to the economic and social challenges of the transition. Despite place being identified as one of five foundations of national and local industrial strategies, business support provision across the regions remains largely ‘place-blind’. Support programmes are often generic in their design, scope and delivery mechanisms, and downplay the challenges businesses face when engaging with the net zero transition. This article critically reviews the policy articulation and the state of net zero business support from the place-based perspective. By applying place–policy–practice nexus thinking, gap analysis of net zero support is undertaken, and resolutions are offered. The article calls for a deeper reflection of place characteristics in policy discourse, local strategies and policy mixes. This requires concerted efforts from the government, support agencies, universities and businesses to develop a shared understanding of the growth opportunities and risks of the net zero transition relative to place. This includes the development of representative net zero governance mechanisms and addressing the growing demand for net zero skills.

Keywords

Business supportnet zero transitionplace-basedpolicy mixesplace–policy–practice nexusgap analysisnet zero skillsgovernance
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Published on: 28 September 2023
Volume: 11
Issue: Supplementary issue 4
Article ID: 057
Pages:57 - 95
Copyright statement
© The author(s) 2023.
Cite this article
Baranova (2023), ' Place-based business support towards net zero: enabling through the place-policy-practice nexus ', Journal of the British Academy, 11(Supplementary issue 4): 057 https://doi.org/10.5871/jba/011s4.057

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Place-based business support towards net zero: enabling through the place-policy-practice nexus

orcid-imagePolina Baranovaemail-imagePolina Baranova

Dr Polina Baranova FHEA CMCMI is an Associate Professor of Strategy and Sustainability at the Derby Business School, University of Derby. The research of Polina Baranova lies at the intersection of strategy, strategic management, business and society. In particular, Dr Baranova is engaged in multidisciplinary research into SME approaches towards environmental sustainability, the relevant environmental strategies and support mechanisms that drive pro-environmental performance of SMEs. Her study of environmental capabilities and place-based support mechanisms towards green growth has led to publications in Business Strategy and the Environment, Business Ethics: European Review and Local Economy journals.

email-image p.baranova@derby.ac.uk