'Shareholder value' versus the regions: the closure of the Vaux Brewery in Sunderland

‘Financialization’ and ‘shareholder value’loom large in the closure of the Vaux Brewery in Sunderland.They are necessarily intertwined with the geographies of spaceand place. Geography inevitably enters into assessments of shareholdervalue by social agents. A geographical political economy approachargues that generalized pressures created by financializationand shareholder value are mediated and contested by specificand particular configurations of spatialized social relations,social agency, and socio-institutional contexts over time, acrossspace, and in place. Geographical political economy frames theanalysis of the Vaux Brewery closure in Sunderland. A more spatiallysensitive, place aware, and locally and regionally rooted financialinfrastructure may be necessary but not sufficient to underpinlocal and regional development.