Organization:New Economics Foundation

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New Economics Foundation
AbbreviationNEF
Formation1986; 40 years ago (1986)
FounderThe Other Economic Summit
TypeThink tank
Registration no.1055254
Legal statusCharity
PurposeSocial justice, Economic justice, Environmental justice, Public policy, Devolution
Headquarters10 Salamanca Place
Location
Chief Executive
Dhananjayan Sriskandarajah
Staff (2025)
43
Websiteneweconomics.org

The New Economics Foundation (NEF) is a progressive British think tank that "aims to create a new economy that works for people and within environmental limits."[1][2] Its work includes producing research and policies, supporting on-the-ground projects, campaigning, and consultancy work.[3]

The foundation has 43 staff in London and is active at a range of different levels. Its programmes include work on well-being, its own kinds of measurement and evaluation, sustainable local regeneration, its own forms of finance and business models, sustainable public services, and the economics of climate change.

History

NEF was founded in 1986 by the leaders of The Other Economic Summit (TOES) with the aim of working for a "new model of wealth creation, based on equality, diversity and economic stability".[4][5]

The organisation has launched a range of new organisations to promote its ideas, including the Ethical Trading Initiative, AccountAbility, Time Banking UK, London Rebuilding Society, the Community Development Finance Association, and others.[citation needed]

The organisation's current projects include work on community-based housing, worker organising in the digital economy, restoring local banking and challenging xenophobia and racism in the Brexit debate. It is also active in community economic regeneration. The Foundation's BizFizz programme, an entrepreneurship development programme, has created more than 900 new businesses in deprived areas. The organisation has now taken this and Local Alchemy to six other countries through its international programme.[citation needed]

The Foundation's public events attract well-known speakers. Its clone town campaign in favour of local economic diversity was covered two years running by every major national newspaper and TV news station and it was taken up in the Save Our Small Shops Campaign in the Evening Standard.[citation needed]

Work

NEF supported the National Programme for Third Sector Commissioning with research and reporting on "how best the Third Sector could evidence its wider impact on public services and their delivery", which underpinned the Office of the Third Sector's work programme on third sector commissioning from 2009.[6]

Jubilee 2000 campaign

The Jubilee 2000 campaign, strategised for and run by NEF,[7] collected 24 million signatures for its worldwide petition on development and poverty.[8]

Oil Depletion Analysis Centre

Oil Depletion Analysis Centre
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Formation1 June 2001; 24 years ago (2001-06-01)
DissolvedCeased publishing March 30, 2012 (2012-03-30); Archives available
TypeINGO
PurposeTo raise international public awareness and promote better understanding of the world's oil-depletion problem
HeadquartersLondon
Region served
Worldwide
Director
Jim Meyer
Parent organisation
New Economics Foundation

The Oil Depletion Analysis Centre (ODAC) was founded by Sarah Astor and Dr. Colin Campbell. In his book Oil Crisis Campbell explains that the Astor family wanted to establish and provide funds for an institute to raise awareness on this issue of oil depletion and peak oil.[9] The first director was Dr. Roger Bentley.

In 2004, ODAC sponsored Chris Skrebowski's report, called "Oil Field Megaprojects", which analysed data from 68 oil production projects.[10]

In November 2005, ODAC published a report after conducting a survey led by Chris Skrebowski, which concluded that oil supply will not meet demand by 2007 or 2008.[11]

In June 2007, a report authored by Colin Campbell predicted that peak oil would occur within four years.[12]

Happy Planet Index

In July 2006, the Foundation launched the Happy Planet Index, intended to challenge existing indices of a state's success, such as Gross Domestic Product (GDP) and Human Development Index (HDI).

NEF was awarded the International Society for Quality-of-Life Studies' Award for the Betterment of the Human Condition in 2007, in recognition of its work on the Happy Planet Index.[13][14]

21-hour working week

In February 2010, the New Economics Foundation called for gradual transition to a working week of 21 hours as a way to tackle: "overwork, unemployment, over-consumption, high carbon emissions, low well-being, entrenched inequalities, and the lack of time to live sustainably, to care for each other, and simply to enjoy life".[15] In 2012, Anna Coote, the head of social policy at The New Economics Foundation said this could be done as a three-day week.[16] The New Economics Foundation stated a 21-hour work week would provide a better work-life balance, better balance work hours across the population and help towards a more sustainable and less carbon-dependent economy.[16] A three-day work-week has also been support by British sociologist Peter Fleming in his 2015 book, The Mythology of Work.[17]

Funding

The New Economics Foundation has been rated as 'broadly transparent' in its funding by Transparify[18] and has been given an A grade for funding transparency by Who Funds You?[19]

Chief Executives

Name Time in Office
Ed Mayo[20] 1992 – 2003
Marc Stears[21] January 2016 – November 2017
Miatta Fahnbulleh[22][23] November 2017 – January 2024
Dhananjayan Sriskandarajah[24] January 2024 – Present

Publications

See also

  • A Green New Deal
  • Coproduction of public services by service users and communities
  • Great Transition
  • List of UK think tanks
  • New Economy Coalition – sister organisation in America
  • New Economy movement
  • Open Source Ecology
  • Schumacher Circle organisations
  • Transition town

References

  1. ↑ "A new economy for a new era" (in en). 2025-02-17. https://neweconomics.org/2025/02/a-new-economy-for-a-new-era. 
  2. ↑ "Our ambitions" (in en). https://neweconomics.org/about/our-missions. 
  3. ↑ "Our work" (in en). https://neweconomics.org/about/our-work. 
  4. ↑ "Annual report and financial statements". 2025-06-30. https://register-of-charities.charitycommission.gov.uk/en/charity-search?p_p_id=uk_gov_ccew_onereg_charitydetails_web_portlet_CharityDetailsPortlet&p_p_lifecycle=2&p_p_state=maximized&p_p_mode=view&p_p_resource_id=%2Faccounts-resource&p_p_cacheability=cacheLevelPage&_uk_gov_ccew_onereg_charitydetails_web_portlet_CharityDetailsPortlet_objectiveId=A18031117&_uk_gov_ccew_onereg_charitydetails_web_portlet_CharityDetailsPortlet_priv_r_p_mvcRenderCommandName=%2Faccounts-and-annual-returns&_uk_gov_ccew_onereg_charitydetails_web_portlet_CharityDetailsPortlet_priv_r_p_organisationNumber=1055254&_uk_gov_ccew_onereg_charitydetails_web_portlet_CharityDetailsPortlet_priv_r_p_organisationNumber=1055254. 
  5. ↑ "The Other Economic Summit and the New Economics Foundation". http://www.neweconomics.org/content/history-nef. 
  6. ↑ Cabinet Office, Office of the Third Sector, National Programme for Third Sector Commissioning - a better return: setting the foundations for intelligent commissioning to achieve value for money, published January 2009, accessed 29 June 2021
  7. ↑ Greenhill, Romilly (February 2002). The unbreakable link - debt relief and the Millennium Development Goals. New Economics Foundation and Jubilee Debt Campaign.
  8. ↑ Jubilee research. New Economics Foundation.
  9. ↑ Campbell, Colin (2005). Oil Crisis. Multi-science publishing. p. 309. ISBN 0906522390. https://books.google.com/books?id=VaGCbpbzjRwC. 
  10. ↑ Heinberg, Richard (2005). The Party's Over: Oil, War and the Fate of Industrial Societies. Clairview Books. p. 118. ISBN 1905570007. https://books.google.com/books?id=sk2De9Yb7SoC. 
  11. ↑ Heinberg, Richard (2006). The Oil Depletion Protocol: A Plan to Avert Oil Wars, Terrorism and Economic Collapse. Clairview Books. p. 17. ISBN 190557004X. https://books.google.com/books?id=-3DovwpRGdkC. 
  12. ↑ Williamson, Robert (2008). Zero Greenhouse Emissions: The Day the Lights Went Out Our Future World. Strategic Book Publishing. p. 99. ISBN 978-1606933060. https://books.google.com/books?id=1JiCoAWSh8MC. 
  13. ↑ New Economics Foundation, National Accounts of Well-being: bringing real wealth onto the balance sheet, published January 2009, accessed 14 May 2021
  14. ↑ International Society for Quality-of-Life Studies, Award for the Betterment of the Human Condition, accessed 14 May 2021
  15. ↑ "21 hours". New Economics Foundation. 13 February 2010. https://neweconomics.org/2010/02/21-hours. 
  16. ↑ 16.0 16.1 "Save the world with a 3-day work week". Globe and Mail. 10 February 2012. https://www.theglobeandmail.com/report-on-business/careers/management/save-the-world-with-a-3-day-work-week/article545320/. 
  17. ↑ Veal, Anthony (24 December 2018). "It's time to put the 15-hour work week back on the agenda". The Conversation. https://theconversation.com/its-time-to-put-the-15-hour-work-week-back-on-the-agenda-106754. 
  18. ↑ "Round-Up of Transparify 2018 Ratings" (in en-US). 17 December 2018. https://www.transparify.org/blog/2018/12/17/yu6z844z5sf3vnhvqkegzeefuzv12o. 
  19. ↑ "Who Funds You? New Economics Foundation". https://www.opendemocracy.net/en/who-funds-you/new-economics-foundation/. 
  20. ↑ Smithers, Rebecca (2009-07-14). "Ed Mayo resigns from Consumer Focus" (in en-GB). The Guardian. ISSN 0261-3077. https://www.theguardian.com/money/2009/jul/14/ed-mayo-resigns. 
  21. ↑ Gill, Tess (2017-07-10). "NEF announcement: CEO Marc Stears is moving on" (in en). https://neweconomics.org/2017/07/nef-announcement-ceo-marc-stears-moving. 
  22. ↑ Brett, Will (2017-10-11). "New Economics Foundation appoints Miatta Fahnbulleh as new CEO" (in en). https://neweconomics.org/2017/10/new-economics-foundation-appoints-miatta-fahnbulleh-new-ceo. 
  23. ↑ Foster, Dawn (2017-10-31). "Miatta Fahnbulleh: ‘People’s tolerance for an unfair economic model has hit a buffer’" (in en-GB). The Guardian. ISSN 0261-3077. https://www.theguardian.com/society/2017/oct/31/miatta-fahnbulleh-tolerance-unfair-economic-model-buffer. 
  24. ↑ "New Economics Foundation appoints Dr Danny Sriskandarajah as new chief exec" (in en). 2023-06-15. https://neweconomics.org/2023/06/new-economics-foundation-appoints-dr-danny-sriskandarajah-as-new-chief-exec. 



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