Finance has long played an integral role in development regionally and locally. CURDS has a long history in exploring the geographies of money and restructuring of the financial system within the UK and beyond.
This research strand has included work on 'de-mutualisation' in the building society movement and financial exclusion. Recent studies have examined the role of 'financialisation' in reshaping our understanding of how localities and regions are connected to the global financial system, the role of 'shareholder value' and the City of London in de-industrialisation and restructuring the manufacturing base of old industrial regions, and the regional implications of the global financial crisis manifest in the collapse of Northern Rock.
Sponsors of this research include the former RDA ONE North East and Newcastle University.