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.
Market failures in open innovation: implications and policy responses
Open innovation provides significant advantages for individual firms and may generate wider social benefits. Positive externalities related to knowledge sharing may result from openness itself, and enhanced levels of innovation may lead to otherwise unachieved innovation spillovers. A number of studies have suggested, however, that average levels of OI activity remain well below the level… Read more
Knowledge diffusion, innovation and productivity – changing the game in Wales
The current Brexit debate is important and the structure of the UK’s trading and migration arrangements with our international neighbours will influence our future prosperity. However, other more fundamental long term issues remain important for the UK around productivity. UK productivity lags significantly behind that of our main international competitors and Wales is at the… Read more
Brexit – the innovation bonus
Innovation is always risky. New technologies may not perform, or may take longer to develop than first anticipated. Customers may react negatively to new products or services and innovation may provoke a strong competitive response from competitors. Will uncertainty linked to the post-Brexit settlement increase or depress firms’ appetite for taking these innovation risks? It… Read more
Midlands Engine- Some faulty valves ?
ERC Deputy Director, Professor Mark Hart undertook research for the Financial Times Special report “High Growth Companies create jobs and wealth. How can we create more of them?” published 4th October. Data produced by the ERC for the annual UK Growth Dashboard, to be published next month, formed the basis for the chart used in the report. … Read more
Business schools supporting entrepreneurship and small businesses across the UK.
Stephen Roper was invited as an ISBE trustee to join the taskforce behind the latest Chartered ABS report on how business schools deliver value to local and regional economies. Professor Roper comments, “The CABS report highlights the valuable contribution business schools make to supporting entrepreneurship and small businesses across the UK. It is good to see… Read more
An Entrepreneurial Perspective: What will be the effect of Brexit on small-to-medium sized UK businesses?
The consequences of the referendum on membership of the EU will affect the UK economy, demographics, political system and society as a whole for years to come. Experts give their views on what they think will happen next, and how the UK might look in future. ERC Director Mark Hart contributed to a special feature of… Read more
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