Moving on from the ‘Vital 6%’
Published: 17 February 2014
High-Growth Firms (HGFs) represent only a small minority - the ‘Vital 6%’ - of the UK business population yet they have a disproportionate impact on job creation and innovation. This paper confirms the headline conclusion for job creation: that is, a small number of job creating firms (mostly small firms) are responsible for a significant amount of net job creation in the UK. It also suggests the existence of a smaller group of 'extraordinarily prolific job creating firms' who were micro firms in 1998 and now employ almost 100,000 people.
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
Published: 13 June 2014
The digital creative sector plays a key role both a provider of jobs in its own right and also as an enabler of digital innovation in other sectors. In this note we provide a brief statistical profile of the development of the digital creative sector in Coventry and Warwickshire over the last decade. This is one of a series of papers ERC will be publishing in the run up to Coventry City of Culture 2021.
Published: 29 May 2018
A consistent theme in the discussion of attempts to stimulate economic recovery in the UK is a recognition of the need to unlock the growth potential of the private sector. This paper explores the simple question – “What types of firms create the most jobs in the UK economy?”
Published: 6 April 2013
Enterprise Research Centre
Warwick Business School
University of Warwick
Coventry CV4 7AL
Enterprise Research Centre
Aston Business School
Birmingham B4 7ET
0121 204 5392