London firms lead other European cities in crisis planning

Earlier this week a report from the Institute for Fiscal Studies highlighted the vulnerability of different groups of the population to unemployment following the current crisis. Businesses also vary in terms of their crisis planning and resilience, and research has shown that SMEs are less likely to connect risk identification and business planning activities, which… Read more

Covid-19 and the implications for future innovation

Over the last few days we have seen some inspiring and innovative responses to the Corona Virus crisis by UK firms and universities. The JCB-Dyson collaboration to produce ventilators and the UCL-Mercedes AMG collaboration to develop other breathing aids are outstanding examples. Necessity is the mother of invention after all. But what of the wider… Read more

The duration of the economic restrictions is decisive for the German Mittelstand

As in the UK, significant parts of small and medium-sized enterprises (SMEs) in Germany are affected by the corona virus pandemic. In this difficult economic situation, the Federal Government in Germany has sent a very positive signal with its comprehensive support measures targeted not only at large corporations, but also at medium-sized, small and micro… Read more

Sunak’s self-employed support is welcome – but here’s five ways to improve it

After a wait that felt like an eternity, self-employed people finally got some clarity yesterday (March 26th) on how the Government intends to support them during the coronavirus pandemic. Chancellor Rishi Sunak’s Self Employment Income Support Scheme (SEISS) was more generous than many expected. The headline is that self-employed people will be able to claim… Read more

Avoiding Economic Meltdown In a National Emergency?

It took less than a week following the Chancellor’s Budget the package to feel woefully insubstantial given COVID-19 developments and the impact on the economy, businesses and jobs. As expected, he was on his feet again this week with a much bigger suite of measures aimed at supporting businesses with costs and cashflow. “Whatever it… Read more

Business resilience and the budget

The 2020s are already shaping up to be a decade we won’t forget and we’re barely three months in. Coming on the back of a decade when researchers and policy makers have been focused on the post-financial crisis productivity puzzle, the impact on the global economy from the Covid-19 pandemic brings new challenges and uncertainties…. Read more

Protecting our pies and pasties post-Brexit

What do Cornish Pasties and Melton Mowbray Pork Pies have in common? Well, neither appeal to vegetarians for sure but they share more than their meaty ingredients. Both are also protected food names covered by European legislation on Geographical Indications of Origin (or GIs). This means that just as Champagne can currently only be produced… Read more

Let’s stop talking about ‘innovation’…

The term ‘innovation’ is widely used and abused. What do you imagine when you think of ‘innovation’? Something new? New technology? New drugs or the latest app? Any or all of these could be innovations each of which will have very different impacts on society and the firms and consumers they touch. A new edition… Read more

Building resilience in under-represented entrepreneurs: A European comparative study

Equipping under-represented SME leaders with the skills and resources to identify and plan for key future risks will not only improve their firms’ resilience – it will also deliver ongoing wider economic benefits. These are some of the takeaways from our latest research report, supported by the JPMorgan Chase Foundation – Building resilience in under-represented… Read more