Research Report

Productivity Heroes in Wales: who they are and why they matter

ERC Research Report

Author

ERC

Associated Themes
  • Business Growth
  • Entrepreneurship
  • Productivity and performance

The focus on fast-growing firms as a mechanism for stimulating economic growth and productivity has increasingly become the focus of industrial policy in developed economies. This research report examines Productivity Heroes, which are small and medium-sized enterprises in the United Kingdom that achieve simultaneous growth in both revenue and employment. While the study looks at national trends, it focuses specifically on Wales, where these high-performing firms contribute significantly to the economy despite a broader regional productivity gap.


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