Paul Swinney – The Economics of a City Centre

As part of the Open City event, Paul Swinney, Senior Economist at the Centre for Cities, discussed his recent report about city centres. Focusing on mid-sized cities, he described the phenomenon of the ‘Doughnut effect’, which is evident in Preston, where job growth on the periphery of a city leads to a decrease in activity and a ‘hollowing out’ of the city centre. He emphasised the importance of increasing the number of people living and working in the city centre as the key to its recovery.