What are the interdependencies and complementarities between investments in physical, intangible and human capital? What is the relative impact of investment in these different types of capital?
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
Get in touch with [email protected]
Research fields
Related UKRI funded projects
-
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 focuses on mapping and tracking technological change in the UK, including future technologies like AI, which are relevant to understanding the impact of investments in physical, intangible, and human capital.
-
Regional Technology Foresight
Over the last decades manufacturing in UK regions has been exposed to intense global competition, particularly as a consequence of trade liberalisation. At the same time, there is an increasing recognition that regions p...
Funded by: ESRC
Lead research organisation: University of Sheffield
Why might this be relevant?
The project focuses on regional technology foresight and the identification of emergent technologies in manufacturing regions, which partially addresses the question on interdependencies and complementarities between different types of capital investments.
-
Supporting the Industrial Strategy
1) Developing Skills: Strengths and Weaknesses in the System, and What can be Done. The new Industrial Strategy must consider how the education system can create the general and specific skills needed by businesses toda...
Funded by: ESRC
Lead research organisation: London School of Economics and Political Science
Why might this be relevant?
The project supports the Industrial Strategy by addressing skills development, growth across regions, drivers of innovation, and trade challenges, which partially relate to the impact of investments in physical, intangible, and human capital.