Type
Theme
Research Report

Spillovers from inward investment – a comparison of Northern Ireland with the rest of the UK.

The purpose of this exercise is to explore the variation in spillovers from inward investment in different parts of the UK. We seek therefore to quantify (and briefly discuss) the average effect for the UK, and subsequently explore differences in this apparent value across locations.
In order to put our analysis in context it is necessary to understand what we mean by spillovers, and how they have come to be interpreted.
Section 1 provides a framework by which one can quantify and subsequently explore the nature of apparent spillovers from Foreign Direct Investment (FDI) between regions. The purpose of this analysis is to report some results concerning the variation in the productivity effects of FDI across UK regions, but also to offer some thoughts as to why this is the case.

Author

ERC,, Driffield, Nigel, Lavoratori, Katiuscia

Research Report

The interrelationship between R&D, Innovation and Productivity: Evidence for micro-enterprises

In light of concerns about persistently weak productivity levels in UK firms, this study focuses on the relationship between investment in R&D and innovation activity and how this relates to business growth and productivity. The context for our investigation is micro-enterprises, i.e. employing up to 9 employees. These enterprises dominate the business landscape and in Northern Ireland account for almost 20 per cent of the workforce while also playing an important development role in the economy.
Drawing on survey data of nearly 10,000 micro-enterprises in 3 countries: the UK, Ireland and the US, our analysis emphasises the importance of R&D – an investment activity that is often considered not suitable for small enterprises - in supporting the relationship between innovation and productivity.
Some of our main findings include:
• Despite resource and capability constraints within micro-enterprises, that curtail their ability to undertake R&D, we find that investing in R&D has a strong and positive effect on enhancing the contribution of innovation to productivity and turnover growth. This result is consistent throughout all of our estimations, even though the actual effect might be varied across different types of industry.
• In order to explain the importance of R&D investment, we also estimate the innovation function with two innovation outcomes: product and process innovation. Our results indicate that investing in R&D activity is important not only for product/service innovation, but also for process innovation.
• R&D investment undertaken inside the enterprise is positively associated with both product innovation and process innovation, however R&D acquired externally has no significant relationship with product innovation but is positively related to process innovation.
• In line with previous studies, we identify a significantly lower level of productivity for Northern Ireland micro-enterprises.

Author

ERC,

Research Report

Productivity in the ICT sector in Northern Ireland: A Pilot Study

The Department for the Economy (DfE) commissioned Queen’s Management School (QMS) to undertake a pilot research project to measure productivity levels in the Northern Ireland Information and Communication Technology (ICT) sector. The aim of the project was to assess the viability of utilising micro-business data to measure and track productivity in priority sectors. As a priority sector for the Department for the Economy, this pilot study seeks to use the Northern Ireland Annual Business Inquiry (ABI) to investigate productivity in the ICT sector, analysing levels by type and size of firm. The aim is to delve beneath the aggregate level to understand the distribution of productivity across the sector and identify whether productivity levels are correlated with other business activities. The research will help to provide a deeper understanding of productivity drivers in this specific sector and identify areas for potential intervention.

Author

ERC,, Bonner, Karen, Hewitt-Dundas, Nola

Research Report

Employee well-being, mental health and productivity in Midlands firms: The employer perspective

This report focuses on the engagement, attitudes and behaviours of around 1,900 employers across the East and West Midlands to employee well-being and mental health. It also considers the effects of well-being and mental health on organisational performance and productivity. Data for the study was collected through telephone interviews and in-depth case studies in the three months immediately before the Covid-19 virus lockdown. The report therefore provides a pre-Covid-19 baseline which may be a useful comparator in months and years to come, when considering the impacts of the pandemic on employers and employees

Author

ERC,

Associated Themes
  • Management and Leadership
  • Productivity and performance
Research Report

Covid19: Critique and Proposals to Develop More Comprehensive and Inclusive Support for the SelfEmployed

The UK Chancellor Rishi Sunak has promised the self-employed they are ‘not forgotten’ and claimed that his headline programme – the Self-Employment Income Support Scheme (SEISS) – will protect 95% of those for whom self-employment is a main job. However, the policy excludes start-ups and, in an initial critique, we called for businesses without a 201819 Self-Assessment record (new businesses or those that did not become profitable until after April 6 2019) to have a chance to do their 2019-20 assessment early from April 6th 2020 for one month. This would then make them eligible for an SEISS payment in June 2020.
We also analysed Covid19 support for the self-employed in Germany and Denmark and found more comprehensive packages, supporting business costs and not just selfemployed income.

Following further discussion and analysis, this document outlines in detail the support for income losses and business losses or cash flow problems available to four categories of self-employed worker under UK Covid19 policy: the established self-employed for whom self-employment is a main job; the new(ish) self-employed for whom self-employment is a main job; the self-employed as a second job, and; the established self-employed who grew their businesses so self-employment became their main job in 2019-20. See Tables 1-4 below. We estimate that nearly I in 5 of the self-employed – over 750,000 people - are excluded from the SEISS and that many of the unprotected will have low or no social protection under Universal Credit and the Employment and Support Allowance. This means that some have no pay during periods of Covid19 sickness and self-isolation, a situation that could undermine the social distancing strategy. Home-based businesses without premises have no access to grant support with business losses and, we argue, are likely to be reluctant to apply for the Business Interruption Loan Scheme or, indeed, to be eligible for this fund.


Author

ERC,, MMU,

Associated Themes
  • Business Growth
  • COVID-19
Research Report

Northern Powerhouse Local Growth Dashboard

The UK Local Growth Dashboard has been developed by the Enterprise Research Centre (ERC) and builds on the LEP Growth Dashboard first launched in June 2014. Its purpose is to present a set of growth metrics for start-ups and existing firms across a range of sub-national geographies in the UK with a specific focus on each of the 38 English Local Enterprise Partnership (LEP) areas. Alongside these metrics it provides some other contextual data for each LEP including the changing sectoral composition of local economies over time.
This version of the Local Growth Dashboard was requested by the Greater Manchester Growth Company for the 11 Northern Powerhouse LEPs: Cheshire and Warrington, Cumbria, Greater Manchester, Humber, Lancashire, Leeds City Region, Liverpool City Region, North East, Sheffield City Region, Tees Valley and York, North Yorkshire and East Riding.
The Local Growth Dashboard can be used as a source of evidence to inform discussions on priorities in business support concerning small business growth and includes easily understood metrics which can be readily updated on an annual basis.
This report is designed to simply present the data for others to use and it is not the intention here to investigate the reasons for these variations as that can be found elsewhere in the research outputs of the ERC and the wider research and policy literature.

Author

ERC,

Associated Themes
  • Business Growth
  • Productivity and performance
Research Report

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

This report is the result of a two year, five-country study into small business resilience with a particular focus on firms with female and ethnic minority leaders. The overarching aim of the research was to deliver insight into what makes small businesses resilient and thus more able to survive crises. We also wanted to understand whether entrepreneurs from underrepresented groups face particular challenges related to their status, and if so, what could be done to address these challenges.

Author

ERC,

Associated Themes
  • Diversity
  • Entrepreneurship
Research Report

Understanding value added per employee in six UK sectors: The insiders’ view

The UK’s productivity puzzle has attracted much attention which has focused on the growing gap in productivity between the UK and its key international competitors. Often denominated in terms of ‘value added per employee’ or ‘value added per hour worked’ – both measures of labour productivity - the UK’s productivity slowdown has been longstanding but has been particularly notable during the post-recession period.

Statistical analyses have emphasised that ‘the vast majority of labour productivity growth weakness arises due to changes in productivity growth within detailed industry groups’. These variations in sectoral productivity trends since the recession provide the starting point and rationale for this report. What are the origins of these diverse trends? Are these the consequence of intra-firm issues linked to leadership and management or technology? Or, sector specific factors such as regulatory regimes or market competition?

Our approach is primarily qualitative and draws on the experience and knowledge of industry insiders in six sectors – business leaders, analysts, commentators and policy-makers. Detailed conversations were held with over 80 informants across six sectors between February and April 2019. This type of qualitative approach is of value to both reflect the wide range and variety of influences on value added and how these influences have and are changing.

Author

ERC,

Associated Themes
  • Productivity and performance
Research Report

UK Local Growth Dashboard 2019

The UK Local Growth Dashboard has been developed by the Enterprise Research Centre (ERC) and builds on the LEP Growth Dashboard first launched in June 2014. Its purpose is to present a set of growth metrics for start-ups and existing firms across a range of sub-national geographies in the UK with a specific focus on each of the 38 English Local Enterprise Partnership (LEP) areas. Alongside these metrics it provides some other contextual data for each LEP including the changing sectoral composition of local economies over time.

The Local Growth Dashboard can be used as a source of evidence to inform discussions on priorities in business support concerning small business growth and includes easily understood metrics which can be readily updated on an annual basis. This report is designed to simply present the data for others to use and it is not the intention here to investigate the reasons for these variations as that can be found elsewhere in the research outputs of the ERC and the wider research and policy literature.

Download the Data file at : http://www.enterpriseresearch.ac.uk/wp-content/uploads/2019/11/Local-Growth-Dashboard-2019-Master-Datafile-September-4.xlsx





Author

ERC,

Associated Themes
  • Business Growth
Research Report

State of Small Business Britain 2019

The State of Small Business Britain report 2019.
The increasing levels of political uncertainty in the UK sets the context for this review of trends in the small business community in mid-2019.
We seek to provide an overview of business confidence and the extent to which that is reflected in the key datasets we have been monitoring for many years. We focus on the following:
• Business Confidence
• Job Creation and Destruction
• Entrepreneurship
• Firm Growth
Alongside this we will highlight some of the key messages coming out of our core research programme, which provide insights into current debates on high-growth, productivity and management practices.

Author

ERC,

Associated Themes
  • Business Growth
  • Productivity and performance
Research Report

Benchmarking local innovation – the innovation geography of England: 2019

Firms’ ability to innovate successfully plays an important role in their ability to sustain growth and competitiveness. This report provides innovation benchmarks for local areas in England, updating our previous analysis published in 2017.
The benchmarks are based on a new analysis of data from the 14,000 firms which responded to the UK Innovation Survey 2017. The analysis is designed to provide representative results for each local economic area. Information is provided on ten benchmarks including new indicators for organisational innovation.
Three benchmarks focus on forms of organisational and marketing innovation. Three further metrics relate to the inputs and structure of firms’ innovation activity with a focus on R&D, design investment and collaboration. Arguably the most important, the remaining four metrics relate to the outcomes from firms’ innovation reflecting both the extent of innovation across the population of firms as well as the success of innovation.

LEP Radar charts 2019 available at:
http://www.enterpriseresearch.ac.uk/wp-content/uploads/2019/06/LEP-radar-charts-2019.xlsx


Author

Roper, Stephen, Bonner, Karen

Associated Themes
  • Innovation
Research Report

Micro-Businesses in Ireland: From Ambition to Innovation

This report presents new information on the ambitions, growth aspirations and innovation levels of Irish micro-businesses.
Micro businesses, typically businesses with 9 employees or less, play an important role in stimulating innovation, employment and growth. Despite this, relatively little is known about this important segment of the business population as such businesses are often excluded from official surveys. This report presents the findings of a survey conducted on micro-businesses in Ireland.
Ambition plays an important role in ensuring businesses achieve their full potential. The survey conducted during the course of this project reveals that one in four micro-businesses in Ireland want to build a national or international business. Within Ireland, micro-businesses in the West are amongst the most ambitious nationally. Interestingly, however, business and personal ambitions are broadly similar for male and female micro-businesses owners. For many people flexibility is a key personal motivator for running their own micro-business.
This report provides the first detailed information on the uptake of digital technologies by micro-businesses in Ireland. The results suggest that Irish micro-businesses perform well, adopting digital technology at a faster rate than their counterparts in the UK and particularly the USA. Micro-businesses in Ireland also compare well internationally with respect to introducing new or improved products and services. Finally, the report emphasises the importance that micro-businesses, due to their scale and access to technology, should not be left behind larger businesses in the global digital revolution.
This report describes new and unique survey data on established micro-businesses with 1-9 employees in Ireland. The report focuses on the ambitions – business and personal- of the owners; as well as innovative activity and the uptake of digital technology within micro-businesses. In Ireland, most micro-businesses are mature, and many are home-based. They are closely related to the families which own and run them.

This report represents a collaboration between University College Cork and the UK Enterprise Research Centre. Views in the report are those of the authors alone and do not necessarily reflect those of the sponsoring organisations.

Author

School, Cork Univeristy Business

Associated Themes
  • Innovation
  • Management and Leadership
  • Productivity and performance
Research Report

Understanding business resilience among under-represented groups in London

Supported by the JPMorgan Chase Foundation this report highlights the preliminary findings from a new survey of business adversity and resilience in 600 small businesses located in six London boroughs, three low-income and three middle-income. The study aims to identify the characteristics and strategies that foster resilience survival and growth in SMEs, and to develop practical toolkits to support under-represented entrepreneurs in their efforts to develop more resilient businesses. Four key findings emerge:

• Male and female-led businesses were equally likely to have experienced an existential threat to the survival of their business in the past five years. However, male business owners judged the potential for future threats to be less significant than their female counterparts.
• Ethnic-led businesses were significantly more likely than non-ethnic led businesses to have experienced a threat to the survival of their business. This effect was more evident for younger ethnic businesses and those located in low-income boroughs.
• Ethnic-minority business owners also judged the potential for future threats to be greater than their non-ethnic counterparts. Key issues included increased competition from new and existing sources, cost rises, problems with premises and changes in regulation or legislation.
• Psychological measures of personal resilience on average vary little between male and female business leaders and those from ethnic and non-ethnic groups. There is more significant variation within each group.

Author

Wishart, Maria, Roper, Stephen, Hart, Mark

Associated Themes
  • Diversity
  • Entrepreneurship
Research Report

Understanding micro-businesses in Northern Ireland

Drawing on new survey data this report provides a profile of micro-businesses with 1-9 employees in Northern Ireland in comparison to UK regional, Irish and US benchmarks. The report provides the first evidence on levels of business ambition, resilience and digital adoption for this group of firms. The Micro-business Britain Survey covered 6,200 firms in the UK - 495 in Northern Ireland – 1,500 companies in Ireland and 2,000 in the US.

Author

Dundas, Nola Hewitt-, QUB,, Roper,WBS, ERC and Stephen, ERC,

Associated Themes
  • Business Growth
  • Management and Leadership
  • Productivity and performance
Research Report

NI Local Growth Dashboard

The Northern Ireland Local Growth Dashboard has been developed by Queen's University and the Enterprise Research Centro ( ERC ) and provides comparative statistics to the Local Enterprise Partnership ( LEP). Growth Dashboard first launched in June 2014 and Its purpose is to present a set of growth metrics for start-ups and existing Local firms across a range of sub-national geographies in NI with a specific focus on each of the 11 Local Government District ( District Council) areas. Alongside these metrics it includes contextual data for each, including comparisons to the wider UK geographies.

Data Sheet available at : http://www.enterpriseresearch.ac.uk/wp-content/uploads/2018/11/NI-Dashboard-Statistics_final-for-upload.xlsx

Author

University, Queen's, ERC,

Associated Themes
  • Business Growth
Research Report

Under-represented entrepreneurs: A literature review

Some groups of individuals are more likely than others to struggle to find paid employment because they experience systemic disadvantage of some kind. These groups include migrants, people who identify as having a disability, and those with low educational attainment. The entrepreneurship route – essentially becoming self-employed or starting their own businesses - is often suggested as a way into work for these people. However, fewer individuals from these groups engage in entrepreneurial activity of this kind, and those that do succeed in starting their own businesses experience lower turnover and higher failure rates than their mainstream counterparts. These groups of individuals are thus under-represented in entrepreneurship, and this paper reviews published research from both academic and non-academic sources that investigates why this might be.

Author

Wishart, Maria, ERC,

Associated Themes
  • Diversity
  • Entrepreneurship
Research Report

Business resilience in an SME context: A literature review

We define business resilience as a strategic objective intended to help an organisation survive and prosper. A highly resilient organisation is more adaptive, competitive, agile and robust than less resilient organisations and rebounds from adversity strengthened and more resourceful.
Resilience is clearly highly desirable in business organisations and as a result, business resilience is a growing field of research. To date, three main strands of business resilience research can be discerned, focusing on employees, business models, and organisational efforts to anticipate, prevent and respond to challenges. In fact, business resilience research to date has tended to focus quite strongly on large organisations, and assumed that findings are transferable to smaller businesses, which is not necessarily the case. Perhaps for this reason, resilience research focusing explicitly on SMEs is a small field, but one that is gaining momentum. This report explores academic and non-academic research into resilience in SMEs in particular, and identifies the key strands of work that have been done so far. It also identifies gaps in our knowledge which underpin an agenda for future research.

Author

Wishart, Maria, ERC,

Associated Themes
  • Management and Leadership
Research Report

UK Local Growth Dashboard 2018

The UK Local Growth Dashboard has been developed by the Enterprise Research Centre (ERC) and builds on the LEP Growth Dashboard first launched in June 2014. Its purpose is to present a set of growth metrics for start-ups and existing firms across a range of sub-national geographies in the UK with a specific focus on each of the 38 English Local Enterprise Partnership (LEP) areas. Alongside these metrics it provides some other contextual data for each LEP including the changing sectoral composition of local economies over time.
2018 Data: http://www.enterpriseresearch.ac.uk/wp-content/uploads/2018/06/2018-dashboard-master.xlsx



Author

ERC,

Associated Themes
  • Business Growth
Research Report

State of Small Business Britain Report 2018

The report brings together a range of the latest data and insights on the growth and performance of UK SMEs. It sets out key SME trends based on a round-up of the latest research evidence including analysis of the Business Structures Database and the Longitudinal Small Business Survey. It also reports on the key findings from the ERC’s first Micro-business Britain survey, and from the 2018 UK Local Growth Dashboard – an annual publication which presents growth metrics for start-ups and existing firms across a range of sub-national geographies, including LEP areas.
Launched at the ERC’s Annual State of Small Business Britain Conference 2018.

Author

ERC,

Associated Themes
  • Business Growth
  • Management and Leadership
  • Productivity and performance
Research Report

Exporting, ambition, finance and SME performance: Exploratory analysis of the Longitudinal Small Business Survey 2015 and 2016

In this report we outline three exploratory analyses of the Longitudinal Small Business Survey (LSBS) for 2015 and 2016, with a focus on the drivers of business performance. The three analyses focus on: the impact of exporting; ambition; and the availability of external finance. In each case the aim is to exploit the longitudinal aspect of the LSBS, relating firms’ performance in 2016 to firms’ strategy, choices and activities in 2015.

Author

Gkypali, Areti, Roper, Stephen, Peng, Bo Grace

Associated Themes
  • Finance
  • Management and Leadership
  • Productivity and performance
Research Report

Benchmarking Local Innovation

Firms’ ability to innovate successfully plays an important role in their ability to sustain growth and competitiveness. This report provides innovation benchmarks for local areas in England, updating our previous analysis published in 2015.
The benchmarks are based on a new analysis of data from the 14,000 firms which responded to the UK Innovation Survey 2015. The analysis is designed to provide representative results for each local economic area. Information is provided on ten benchmarks including new indicators for organisational innovation.
Three benchmarks focus on forms of organisational and marketing innovation. Three further metrics relate to the inputs and structure of firms’ innovation activity with a focus on R&D, design investment and collaboration. Arguably the most important, the remaining four metrics relate to the outcomes from firms’ innovation reflecting both the extent of innovation across the population of firms as well as the success of innovation.
Our analysis highlights the diversity of innovation activity across the UK. Some local areas are marked by strengths in organisational innovation but weaker elsewhere; others exhibit higher levels of collaborative behaviour and R&D. Both suggests the value of differentiated local innovation strategies which can build on existing strengths and remedy weaknesses.

Download the LEP Radar Chart 2017 data here : https://www.enterpriseresearch.ac.uk/wp-content/uploads/2017/06/LEP-radar-charts.xlsx

Author

ERC,

Associated Themes
  • Innovation
Research Report

UK Local Growth Dashboard 2017

The UK Local Growth Dashboard has been developed by the Enterprise Research Centre (ERC) and builds on the LEP Growth Dashboard first launched in June 2014.  Its purpose is to present a set of growth metrics for start-ups and existing firms across a range of sub-national geographies in the UK (NUTS 2) with a specific focus on each of the 39 English Local Enterprise Partnership (LEP) areas.  Alongside these metrics it provides some other contextual data for each LEP including the changing sectoral composition of local economies over time.
Since October 2016 there are now 38 LEPs in England as Northamptonshire and South East Midlands LEPs merged. This edition of the Local Growth Dashboard contains data for the original 39 LEPs. 
Data for the merged LEP will be released via the ERC website by the end of April 2017

Download the UK Local Growth Dashboard 2016 data here : https://www.enterpriseresearch.ac.uk/wp-content/uploads/2017/05/2017-Dashboard-Update-Data-final.xlsx

Author

ERC,

Associated Themes
  • Business Growth
Research Report

UK Local Growth Dashboard 2016

The UK Local Growth Dashboard has been developed by the Enterprise Research Centre (ERC) and builds on the LEP Growth Dashboard first launched in June 2014. Its purpose
is to present a set of growth metrics for start-ups and existing firms across a range of sub-national geographies in the UK (NUTS 2) with a specific focus on each of the 39 English Local Enterprise Partnership (LEP) areas1.
Alongside these metrics it provides some other contextual data for each LEP including the changing sectoral composition of local economies over time. The Local Growth Dashboard can be used as a source of evidence to inform discussions on priorities in business support concerning small business growth and includes easily understood metrics which can be readily updated on an annual basis.
This report is designed to simply present the data for others to use and it is not the intention here to investigate the reasons for these variations as that can be found elsewhere in the research outputs of the ERC and the wider research and policy literature.
Download the UK Local Growth Dashboard 2016 Data here : https://www.enterpriseresearch.ac.uk/wp-content/uploads/2016/11/ERC-UK-Local-Growth-Dashboard-2016-master_final.xlsx

Author

ERC,

Associated Themes
  • Business Growth
Research Report

Sustaining growth – the HR dimension HR practices and management and leadership skills of High Growth SMEs

Prior business demographics research conducted by the ERC identified that only a small minority of UK SMEs experience sustainable growth over an extended period of time. For instance, of the firms that were newly established in 1998 just 6% showed an appreciable employee growth by 2013. What lies behind such a remarkable performance on the part of so few companies? In this paper, we investigate the leadership behaviours and high performance work practices (i.e. those HR practices that are intended to align employees’ performance with organizational goals through self-regulation rather than sanctions) that are associated with growth.

Author

Koryak, Oksana, Nicolaou, Nicos

Associated Themes
  • Management and Leadership
  • Productivity and performance
Research Report

Human resource practices and firm growth: an exploratory analysis from the matched employer skills survey and the ONS business structure database A statistical report produced by the Enterprise Research Centre for UKCES

This project aimed to explore the role of Human Resource (HR) practices in driving firm growth. Central to the project is the use of the 2011 Employer Skills Survey (ESS) which provides detailed information on the HR practices adopted in individual workplaces. These observations were matched to establishment data derived from the longitudinal Business Structure Database (BSD) which provides time-series information on employment and turnover for all UK firms and establishments registered for VAT and/or PAYE.

Author

Bonner, Karen, Roper, Stephen, Hart, Mark

Associated Themes
  • Management and Leadership
  • Productivity and performance
Research Report

Innovation and HR practices in five professional service sectors A report for the UK Commission for Employment and Skills

Innovation and HR practices in five professional service sectors, A report for the UK Commission for Employment and Skills
We investigated the link between human resource practices, innovation, growth and productivity growth in 900 firms across five UK service sectors: Software & IT Services, Accountancy, Architectural Services, Consultancy and Specialist Design.

Author

Roper, Stephen, Love, James, Bourke, Jane

Associated Themes
  • Innovation
  • Management and Leadership
Research Report

Unlocking UK Productivity

UK productivity to be boosted by increasing exporting and innovation among small and medium-sized firms.

Britain’s productivity is falling behind other economies because it is slower to turn ambitious smaller firms into exporters of innovative new products and services, according to a new report.

With more support, it is estimated that up to 110,000 small to medium-sized enterprises (SMEs) could become regular exporters, adding an extra £1.15 billion in Gross Value Added (GVA) to the economy in the first year alone in the form of new and higher value jobs.

The report published today, “Unlocking UK Productivity” has been co-authored by Goldman Sachs, the Enterprise Research Centre (ERC) and the British Business Bank (BBB).

Its findings draw heavily on the core research themes of ERC for the past three years.

Author

ERC,, Sachs, Goldman, Bank, British Business

Associated Themes
  • Productivity and performance
Research Report

ERC Annual Reports

The Enterprise Research Centre (ERC) was launched in January 2013 to deepen understanding in the UK of the factors affecting small and medium sized business
investment, performance and growth. The Centre is a collaborative venture between five University Business Schools: Warwick,Aston, Imperial, Strathclyde and Birmingham. ERC aims to build long term research capability
which will act as a focal point for world-class research on SMEs in the UK and internationally. Our work informs stronger SME strategy and policy development in the UK by developing and
drawing on the evidence base and providing commentary, evaluation and challenge to policy makers and those serving small and medium sized firms.
The ERC’s research programme is distinctive in that it aims to place SMEs in their operating context recognising that:
 growth is strongly influenced, both positively and negatively, by the business eco-system;
 growth depends significantly on the role of SME leadership and capability;
 different SMEs have very different ways of growing – organically or by acquisition – and the barriers and enablers of each type of growth, and in each type of firm, may be very different.

Download the 2013/2014 report here : https://www.enterpriseresearch.ac.uk/wp-content/uploads/2015/03/ERC-ANNUAL-REPORT-2013-14.pdf
Download the 214/2015 report here : https://www.enterpriseresearch.ac.uk/wp-content/uploads/2015/10/ERC-ANNUAL-REPORT-2014-15.pdf

Author

ERC,

Associated Themes
  • Business Growth
Research Report

UK Growth Dasboard 2015

The UK Growth Dashboard 2015, a new study by the Enterprise Research Centre (ERC) in partnership with Business Growth Service looks at a range of indicators to  shed new light on the health of small businesses and entrepreneurship across the whole of the UK. the report shows that, overall, small businesses have finally regained the ground lost since the Great Recession- with jobs, start up and growth rates returning to pre-crisis levels in 2014 for the first timer since 2008.It paints a much more complex picture of  growth in the ‘grassroots economy’ than the usual caricature of a booming London and trailing provinces – with growth hotspots being found in every nation and region of the UK.

Download the Dashboard data 2015 here: https://www.enterpriseresearch.ac.uk/wp-content/uploads/2015/03/Data-for-Dashboard_ERC.xlsx

Author

ERC,

Associated Themes
  • Business Growth
Research Report

A Nation of Angels. Assessing the impact of angel investment across the UK

The Enterprise Research Centre were commisioned by the UKBAA  in association with the Centre for Entrepreneurs (CfE) and with the support of the BVCA, Deloitte, Barclays and the ESRC, to produce a Research Study Report in order to  better understand the impact of angel investing on the growth of their investee businesses and the influence of these new developments in the marketplace and to identify what action UKBAA and other key players can take to further support the growth and effectiveness of angel investing.
The results of this study demonstrate the important role that angel investing is playing in the economy in bringing risk capital and business experience and skills to support the growth of small businesses, but also through creating social impact through their investments. Ultimately it is hoped this will reinforce the need for Governments , key stake holders and opinion formers to give continuing support to this “Nation of Angels” to enable the angel community to continue to grow and fulfil their important contribution to the UK economy.
Conducted by Prof Mark Hart, Deputy Director , ERC, Aston Business School , Prof Mike Wright, ERC, Imperial Business School and Dr Kun Fu, ERC , Imperial Business School  this report presents the results of the largest study of the investment behaviour and impact of business angels in the UK to date. The study comprised responses from 403 individual angels who responded to the online ‘Nation of Angels’ survey detailed follow-up telephone interviews with 42 individual angels who shared more details of their investment behaviour, and an online survey of 28 angel syndicate and network leads across the UK  representing ~8,000 angels.

Author

ERC,

Associated Themes
  • Finance
Research Report

LEP Growth Dashboard

New metrics on growth of established businesses and start-ups for the English LEPs developed by ERC researchers in partnership with GrowthAccelerator.
A complex LEP geography emerges which provides a challenge to some of the preconceptions held about the ‘hotspots’ of growth across England while confirming others.  The Local Enterprise Partnership (LEP) Growth Dashboard has been developed by the Centre in partnership with GrowthAccelerator. Its purpose is to provide each LEP with a set of simple metrics on the growth of existing firms and start-ups in their LEP area and set these alongside the key barriers to growth flagged by businesses who are seeking to grow and have become a participant in GrowthAccelerator

Start-ups and Growth infographic : https://www.enterpriseresearch.ac.uk/wp-content/uploads/2014/06/start-ups-which-survive-and-grow-to-1m.pdf
LEP Growth Metric Tables infographic : https://www.enterpriseresearch.ac.uk/wp-content/uploads/2014/06/ERC-table.pdf
Survival Rates infographic : https://www.enterpriseresearch.ac.uk/wp-content/uploads/2014/06/Proportion-of-2009-start-ups-that-survive-to-2012.pdf

Author

ERC,, Accelerator, Growth

Associated Themes
  • Business Growth
Research Report

Benchmarking local innovation – the innovation geography of the UK

Benchmarking local innovation – the innovation geography of the UK is the first ever study mapping where firms developing new British goods and services are concentrated. The UK has an ‘arc of innovation’ stretching from Cambridge through the South-East Midlands and along the M4 corridor.
Key nodes of the arc of innovation include well-known university spin-off centres Oxford and Cambridge, as well as more surprising areas like Gloucestershire and Milton Keynes.

Author

ERC,

Associated Themes
  • Innovation