The value of entrepreneurial placemaking for rural development: supporting rural creatives
Place-based policy is well-established in the UK. However, in my research on business support for creatives and conversations with policymakers, I have observed that ‘place’ is often used interchangeably with ‘location’, with no distinction made between the two. This observation has caught my attention, not only as a former geographer, but also because I believe… Read more
SMEs and Net Zero: how can we break the cycle of inaction?
In 2019 the UK Government set the goal of achieving Net Zero – where the amount of greenhouse gas emissions produced are equal to or less than the amount removed from the atmosphere – by 2050. This is a commitment that will impact on all businesses, including the more than 5.9 million of firms in… Read more
Two critical reasons why SME policy must involve consistent institutions
In some recent work on net zero support for SMEs carried out with the Federation of Small Businesses, we called for a new organisation to be set up called ‘Business England’. One key reason for this was to ensure that there would be a highly visible place for entrepreneurs in England to go to for… Read more
How could a new trade agreement revitalize SMEs in the agri-food sector?
For small and medium-sized enterprises (SMEs) in the agri-food sector, Brexit has ushered in a new era of challenges. Previously accustomed to the frictionless trade afforded by EU membership, these businesses now face significant trade barriers, including stricter checks and complicated documentation requirements. SMEs are particularly affected, as they often lack the resources to navigate… Read more
Equity finance access and use in early-stage UK ventures
I recently worked on some new groundbreaking research with the ERC examining access to and use of equity finance amongst UK early-stage ventures. This involved the first national survey to explore the process of how potential high growth startup ventures access their first formally reported round of equity finance. The research is important because the… Read more
Let’s talk about another M in the business population – Micros
We know that the vast majority of private sector businesses do not grow, and policymakers are always seeking ways to encourage more firms to take the first steps along the growth path, and to sustain it. As such the emphasis has been on fast-growth, high-growth and scaling as the watch-words of business support policy.Too often… Read more
What can we learn from Swedish approaches to workplace mental health?
In a recent speech, Prime Minister Rishi Sunak said that work is good for those with anxiety and milder depression and has signalled that benefits may be removed from some mental health sufferers as part of a reform of the benefits system. But his assertion has provoked an outcry from mental health charities including Mind,… Read more
Is presenteeism the new absenteeism?
As businesses continue to rebound from the pandemic, and new ways of hybrid and remote working become embedded, a new ERC study finds that while mental health-related sickness levels are remaining flat, presenteeism has increased sharply. Some reports suggest that this may, in part, be a consequence of new working practices. What does this mean… Read more
When it comes to innovation ecosystems, is bigger better?
Innovation Centres (ICs) are an under-reported and under-defined institution within the innovation ecosystem. Research by the Enterprise Research Centre and Cork University Business School for the Institute of Physics (IOP) aimed to understand the role played by physics-related ICs in supporting physics-based innovation across the UK and Ireland. The IOP’s reach across both countries provides… Read more
Local social capital, necessity entrepreneurship and levelling up
‘You can’t do business without them’, says an owner of a food shop serving a local migrant community, talking about his social ties with customers who he consults for advice. ‘The competition is tough… It depends if customers trust in you. We have maintained trust in what we do and that’s why customers keep coming’… Read more
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