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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)
nef (the new economics foundation) 2
nef (the new economics foundation) 3	

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
nef (the new economics foundation) 4	

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’
nef (the new economics foundation) 5	

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
nef (the new economics foundation) 6	

Addressing well-being
nef (the new economics foundation) 7	

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)
nef (the new economics foundation) 8	

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.
nef (the new economics foundation) 9	

Elinor Ostrom
1933-2012
Nobel Prize for
Economics,
2009
Origins of co-production
nef (the new economics foundation) 10	

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
nef (the new economics foundation) 11	

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
nef (the new economics foundation) 12
nef (the new economics foundation) 13
nef (the new economics foundation) 14
nef (the new economics foundation) 15
nef (the new economics foundation) 16
nef (the new economics foundation) 17
nef (the new economics foundation) 18	

http://www.youtube.com/watch?v=aKATrzUV2YI
Have a look at this…
nef (the new economics foundation) 19	

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
nef (the new economics foundation) 20	

Well-being
nef (the new economics foundation) 21	

Self Determination
Theory
nef (the new economics foundation) 22	

5 ways to wellbeing
•  Connect
•  Be active
•  Keep learning
•  Take notice
•  Give
nef (the new economics foundation) 23	

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.
nef (the new economics foundation) 24	

Value of co-production
Monetary
value to
individuals and
the state
Increased
capacity and
imapct of
public
services
Intrinsic value
for individuals
nef (the new economics foundation) 25	

Challenges to
implementation
•  Service cuts and the Big Society
•  Getting the metrics right
•  Time poverty
•  Improving funding approaches
•  Balancing scale and localism
•  Culture change

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Growing the Core Economy: An opportunity for co-production - MaRS Global Leadership

  • 1. 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)
  • 2. nef (the new economics foundation) 2
  • 3. nef (the new economics foundation) 3 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
  • 4. nef (the new economics foundation) 4 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’
  • 5. nef (the new economics foundation) 5 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
  • 6. nef (the new economics foundation) 6 Addressing well-being
  • 7. nef (the new economics foundation) 7 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)
  • 8. nef (the new economics foundation) 8 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.
  • 9. nef (the new economics foundation) 9 Elinor Ostrom 1933-2012 Nobel Prize for Economics, 2009 Origins of co-production
  • 10. nef (the new economics foundation) 10 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
  • 11. nef (the new economics foundation) 11 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
  • 12. nef (the new economics foundation) 12
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  • 14. nef (the new economics foundation) 14
  • 15. nef (the new economics foundation) 15
  • 16. nef (the new economics foundation) 16
  • 17. nef (the new economics foundation) 17
  • 18. nef (the new economics foundation) 18 http://www.youtube.com/watch?v=aKATrzUV2YI Have a look at this…
  • 19. nef (the new economics foundation) 19 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
  • 20. nef (the new economics foundation) 20 Well-being
  • 21. nef (the new economics foundation) 21 Self Determination Theory
  • 22. nef (the new economics foundation) 22 5 ways to wellbeing •  Connect •  Be active •  Keep learning •  Take notice •  Give
  • 23. nef (the new economics foundation) 23 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.
  • 24. nef (the new economics foundation) 24 Value of co-production Monetary value to individuals and the state Increased capacity and imapct of public services Intrinsic value for individuals
  • 25. nef (the new economics foundation) 25 Challenges to implementation •  Service cuts and the Big Society •  Getting the metrics right •  Time poverty •  Improving funding approaches •  Balancing scale and localism •  Culture change