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.
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
From Trump Towers to the White House
Donald Trump’s victory in the presidential election could have consequences for the thousands of UK small and medium-sized businesses, especially as the US is the UK’s biggest export destination. During the campaign Trump made some remarks he may regret come January, but the general policy stance in terms of trade and industry is relatively clear:… Read more
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
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