Enterprise Research Centre

Call for More Small Business Support As UK Productivity Flatlines

Call for More Small Business Support As UK Productivity Flatlines

Increasing support for small and medium business exports and innovation could be the answer to Britain’s low productivity levels, research by the Enterprise Research Centre (ERC) and the British Business Bank (BBB) has found. According to the report, entitled Unlocking UK Productivity, if an estimated 110,000 small and medium-sized firms had the support to expand overseas they could add £1.15bn in Gross Value Added (GVA) to the economy. The findings from the report follow recent news about Britain’s ‘productivity gap’; whereby Britain’s productivity levels have almost ceased to grow since 2008 causing the UK to fall 6% behind other G8 economies. The government published a 15-point plan in July to try to tackle the productivity issue, however, the ERC’s report said boosting small businesses... »

Government Plans Enterprise Research Centre

The Government has unveiled a plan to create an Enterprise Research Centre that will help shape Government policy on economic growth strategy. With funding of £2.9 million, the centre is a collaboration between the Department for Business, Innovation and Skills (BIS), the British Bankers Association (BBA), the Economic and Social Research Council (ESRC) and the Technology Strategy Board. Its role will be to develop a greater understanding of the factors affecting business investment, performance and growth. Business and enterprise minister, Mark Prisk, said: “The Government is committed to boosting enterprise and giving entrepreneurs the right environment to be successful and grow. We are creating a network of thousands of business mentors. We are also launching a £10 million start-u... »