Sheffield: restructuring of a city economy over two decades

There was no policy agenda for the economic regeneration of Sheffield after the Second World War. The war-time economy of the city contributed to the national war effort from its strong base in alloy steels and in related manufacturing activity in tools and engineering. And then from the late 1940s and through the 1950s, demand for the outputs of the Sheffield economy did not slacken.1 Unemployment was low, wages were rising and companies were profitable. (Binfield et al. 1993).