Strategic intelligence for the future of places: enabling inclusive economic growth through the Opportunity Areas Analysis Tool

Abstract

Based on the growing importance of place-based strategic intelligence, this article puts forward a conceptual framework for a new methodological approach to influence the shaping of subnational economic development. The novel Opportunity Areas Analysis Tool has been designed and deployed in the context of a City Region Deal in Scotland, UK. We define key trends, map core capabilities and assess exploitation capacities for data-driven innovation economic opportunities. We critically appraise the effectiveness of this approach for the creation of inclusive place-based future visions and narratives, and the alignment of technological opportunities within diverse geographical (e.g., semi-rural and rural) and sectoral conditions.