What challenges and opportunities are associated with economic growth within each sector?
Background
DBT is committed to driving a mission-led Industrial Strategy that empowers businesses, including SMEs, to invest, grow and thrive. To do this, we must continually ensure we know which factors support or hinder growth. A sector-specific approach will enable us to apply evidence-based lessons effectively, fostering innovation and scaling-up across priority sectors.
The topics covered in this theme relate to enabling government to seize the most significant opportunities and create the most favourable conditions in the UK to support companies to emerge, grow, and thrive here. We have included questions that pertain to the Industrial Strategy sectors (the IS-8), clear and achievable regulation for safety and success, and productivity and efficiency.
The Industrial Strategy Advisory Council (ISAC) is an independent body responsible for reviewing the Industrial Strategy and making recommendations for improvements based on high quality research and evidence. ISAC plan to publish a list of ARIs in 2026. DBT will continue engaging with ISAC going forward.
It is important to continually ensure we have the best understanding of local and overseas markets and how they contribute to UK economic growth. This includes, but is not limited to, measuring impact of trade agreements, mapping trajectories and predicting evolution of trends and outcomes. For businesses to make the best decisions about investment, across various sectors and demographics, we must understand:
- the steps in decision-making processes
- drivers shaping the market and market dynamism
- enablers and barriers for technology adoption that can impact productivity and growth procurement and its impact
- how regulatory policy can enable the channels that lead to success
Increases in technology adoption and diffusion is central to our work, and we seek evidence on how artificial intelligence (AI), automation and digitisation can accelerate productivity and competitiveness.
The ability to make the UK a great place to do business includes:
- tackling high industrial electricity costs
- promoting fair and free trade
- expanding access to finance
- capitalising on the value of UK data
Next steps
https://submit.forms.service.gov.uk/form/262425/register-your-interest-in-collaborating-with-dbt-as-an-external-researcher/3UvUKFHb
Topics
No topics assigned yet
Research fields
No research fields assigned yet
Related UKRI funded projects
-
BEIS Secondment to ISC 2020: Market Structures and the Industrial Strategy
PROPOSED SECONDMENT ACTIVITIES Activities and justification: - Provide expertise in industrial organization and macroeconomics to aid the BEIS Industrial Strategy Council research team. - Develop academic research towa...
Funded by: ESRC
Lead research organisation: University of Kent
Why might this be relevant?
The project focuses on providing expertise in industrial organization and macroeconomics to aid the BEIS Industrial Strategy Council research team, which aligns with the question about challenges and opportunities associated with economic growth within each sector.
-
Mapping the production, diffusion and drivers of future technologies
We propose to map and track the state of technological change in the UK, understand its drivers, impacts and help to improve the UK's productivity record via our collaboration and engagement with industry and policymaker...
Funded by: SPF
Lead research organisation: University of Warwick
Why might this be relevant?
The project aims to map and track the state of technological change in the UK, understand its drivers, and improve productivity, which directly addresses the question about challenges and opportunities associated with economic growth within each sector.
-
Enterprise Research Centre - Phase 3
The UK faces significant economic uncertainties. Brexit will bring new challenges and opportunities, alongside the continuing productivity gap and persistent trade deficit. At the same time, global trends related to Indu...
Funded by: ESRC
Lead research organisation: University of Warwick
Why might this be relevant?
The project focuses on addressing economic uncertainties, productivity gap, and trade deficit through robust research and stakeholder engagement, aligning with the question about challenges and opportunities associated with economic growth within each sector.