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November news from the Enterprise Research Centre
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We are delighted to announce that an extension to the ERC funding has been awarded by ESRC, BIS, InnovateUK and the British Business Bank. This will allow the Centre to continue its  research and engagement programme until 2018. We look forward to the next two years continuation of our research with the addition of exciting new projects to be announced in due course.

 SME growth ambition key to UK productivity puzzle


UK Productivity to be boosted by increasing exporting and innovation among small and medium sized firms.

Britain’s productivity is falling behind other economies because it is failing to turn ambitious smaller firms into exporters of innovative new products and services, according to a new report.

The report published November 16th, 
Unlocking UK Productivity has been co-authored by Goldman Sachs, the Enterprise Research Centre (ERC) and the British Business Bank (BBB). Its findings draw heavily on the core research themes of ERC for the past three years.
Prof Mark Hart, ERC Deputy Director and Programme Director for 10,000 Small Businesses, UK, Aston University, said: 
“Although economic growth has returned, UK productivity since 2008 has been almost flat. This means we’re producing less per worker than our international competitors and taking longer to create the same amount of economic value. Our research shows that there is huge untapped potential out there and that if we could build the confidence of innovative businesses that have high growth ambitions to start exporting regularly, we could generate an enormous boost to our economy"

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Mark Hart , Deputy Director, ERC
discussed the UK productivity puzzle on the BBC Radio4 Today Programme
Listen to the full interview
here. 

ERC@ ISBE 2015


ERC colleagues contributed to the ISBE 2015 conference
held at the
Technology & Innovation Centre , Glasgow through the presentation of a number of research papers, many of which were nominated in their track for Best paper. 

Click here for the list of nominated papers.
For more information on papers and presentations by ERC colleagues at ISBE 2015 please click here.

Exporting Innovation


On Friday November 13th Professor Stephen Roper . ERC director, presented research findings on mid-market exporting, showing how mid-sized businesses can use these outcomes to directly benefit their bottom line during the Export Week event at Warwick business School. 
The Enterprise Research Centre ( ERC ) has worked with GE Capital on the  " Leading from the Middle " reports on the UK and EU4 mid-market.

Find the full report at:

www.gecapital.co.uk/en/docs/GE_LFTM_UK_mm_2015.pdf

Key highlights of Stephens presentation include: 
  • UK mid-market firms have matched the German Mittelstand in terms of sales growth since 2013 and expect to grwo sales by 4.90% in 2016.
  • Uk Mi-market firms' presence in the Chinese market lags marginally behind that of our European competitors, a gap which looks set to grow.
View the full presentation here 
 

Innovation in Micro-businesses seminar


Queen’s Management School hosted the Innovation in micro-business seminar at Riddel Hall, Belfast.  The event was co-organised with the UK Enterprise Research Centre and the Department for Enterprise, Trade and Investment (DETI) and provided new insights on the drivers of innovation in micro-businesses. Micro-enterprises, employing less than 10 employees account for 89% of all private sector businesses in Northern Ireland a proportion similar to that across the rest of the UK. Yet there is a lack of evidence on the characteristics of these businesses and the drivers of innovation and growth.  In 2014, DETI undertook a survey of 1000 micro-businesses in Northern Ireland, providing the most detailed intelligence available on innovation in micro-enterprises.
With an audience from the academic, policy and business sectors, guest speakers included Ciaran McGarrity, Head of Innovation Policy at the Department for Enterprise, Trade and Investment, NI, Alan McClelland, Lead Statistician, Department for Enterprise, Trade and Investment, NI, Stephen Roper, Director of ERC and Professor of Enterprise, Warwick Business School and Nola Hewitt-Dundas, Director of Research QMS and Professor of Innovation Management & Policy, Queen’s University Belfast.
During the seminar, key insights from the survey work and analysis were presented with discussion from the delegates of the implications of this for targeting support for innovation.


Copies of the presentations can be downloaded here.

Ciaran Mcgarrity: Innovation Strategy in Northern Ireland

Alan McClelland: Innovation Survey of Micro Businesses in Northern Ireland 2014

Stephen Roper & Nola Hewitt-Dundas: What drives new-to-the-market innovation in micro-enterprises?

 

Copyright © 2015 Enterprise Research Centre, All rights reserved.


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