What are the most important factors determining business investment decisions and sentiment across the Industrial Strategy sectors? How do these factors and challenges vary by firm type, size and sector?
Background
The Industrial Strategy aims to spur national productivity growth, strengthen the UK’s economic security and resilience, and support the UK’s environmental and net zero transition. It aims to achieve this by increasing business investment in capital and innovation, attracting foreign investment, and increasing business dynamism in the IS-8 sectors.
These sectors contain the UK’s frontier industries that sit at the leading edge of innovation and have the greatest potential for future competitiveness and technological development. By prioritising these frontier industries, the strategy targets the parts of the economy most capable of driving innovation and supporting major transitions such as AI adoption and net zero.
Next steps
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Research fields
Related UKRI funded projects
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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 analyzing UK business microdata to inform decision making and aid evidence-based policy, directly addressing factors determining business investment decisions and sentiment across Industrial Strategy sectors.
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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 addresses economic uncertainties, productivity gap, and trade deficit, providing insights into factors determining business investment decisions and sentiment across Industrial Strategy sectors.
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Technology foresight for growth and productivity: the design and implementation of a new foresight approach for UK SMEs
"Foresight is a convenient and evocative label for a very real trend in strategy and policy planning (Vecchiato, 2015). Its rise to prominence was driven by the increasing uncertainty of the business environment and...
Funded by: Innovate UK
Lead research organisation: KINGSTON UNIVERSITY
Why might this be relevant?
The project focuses on technology foresight for growth and productivity in SMEs, which partially relates to factors determining business investment decisions and sentiment across Industrial Strategy sectors.