Funded by the Economic and Social Research Council, the ERC is the UK’s leading centre of excellence for research into the growth, innovation and productivity of small and medium-sized enterprises (SMEs). Our research helps shape better policies and practices that enable SMEs to thrive.
Innovation policy: Driving equity or driving inequality?
Innovation policy: Driving equity or driving inequality? The need to boost levels of innovation in the UK is at the heart of the recent Green Paper on Industrial Strategy, and few would argue with the general proposition that innovation is good for growth. New products, new services and new ways of doing business help firms… Read more
Europe’s Hidden Entrepreneurs Entrepreneurial Employee Activity and Competitiveness in Europe.
A new report by the World Economic Forum and the Global Entrepreneurship Monitor released today focuses on a hidden aspect of European innovation – intrapreneurship. Intrapreneurship involves workers formulating and implementing new ideas within organizations rather than starting their own businesses. The report draws upon data from the Forum’s Global Competitiveness Index and GEM’s Adult… Read more
Hammond’s Productivity Plan – what’s in it for small firms?
When Philip Hammond, the Chancellor, stood up to present the Autumn Statement he had a problem and a plan. The problem combined the hit on growth from Brexit, stubbornly low productivity and stretched public finances. The plan focuses on investing to boost productivity. So where do small firms fit in? Well – unlike many recent… Read more
ERC State of Small Business Britain Conference 2016
ERC’s State of Small Business Britain Conference 2016, co-hosted with the Goldman Sachs 10,000 Small Businesses Programme, welcomed over 100 delegates to the iconic London building, The Shard on 30th November. The morning session was chaired by Lucy Armstrong, Chair of the ERC’s Advisory board, and began with a welcome from ERC Director Professor Stephen… Read more
Is our obsession with fast growth and job creation stifling productivity?
As he stood at the Dispatch Box on November 23rd, Chancellor Philip Hammond laid bare to Parliament a problem that has been vexing economists since the 2008 crash. The UK, he intoned, has a truly dreadful productivity rate. To illustrate the point, he told MPs gathered for the Autumn Statement that the average UK worker… Read more
UK Local Growth Dashboard 2016
Complex picture of firm growth and job creation across the UK highlighted in latest research. For business owners, being sent to Coventry might be just what they need to learn about creating jobs. And when it comes to growing a multimillion-pound turnover, entrepreneurs are better off basing themselves in Belfast and Aberdeen than London. The surprising… Read more
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