What are the most important barriers and challenges to the entry, scale-up and internationalisation of businesses in the UK? What barriers are particularly acute for innovative businesses with new business models or emerging technologies? How have barriers been overcome to lead to increased dynamism?
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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Enterprise Research Centre - Phase 3
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Mapping the production, diffusion and drivers of future technologies
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Focuses on mapping and tracking technological change in the UK, including future technologies like AI, robotics, clean tech, and blockchain, which are crucial for innovation and productivity improvement.
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Driving SME Innovation in the West Midlands
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Why might this be relevant?
While not fully addressing the question, it supports SME innovation in digital and green technologies, which are relevant to overcoming barriers for innovative businesses.