How do businesses make decisions to adopt new and emerging technologies? How does this impact growth and productivity, and what are the enablers and barriers?
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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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, understanding its drivers, impacts, and improving productivity, which directly addresses the question.
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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?
While the project focuses on technology foresight for SMEs, it does not directly address the impact on growth and productivity, but it partially addresses the question by discussing the benefits of technology foresight for SMEs.
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Supporting the Business Response to COVID-19: Survey on Technology Adoption
This research project builds the evidence base on technology adoption, and examines how government can best support businesses, in particular small and medium sized enterprises (SMEs), in the UK at a time of crisis. Work...
Funded by: COVID
Lead research organisation: London School of Economics and Political Science
Why might this be relevant?
The project examines technology adoption during the COVID-19 crisis and its impact on productivity, but does not fully address the question as it focuses on a specific context.