Which aspects of business dynamism matter most for national productivity?
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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From productivity to prosperity: Inclusive growth for the West Midlands
We will bring together academics working across disciplines to focus on the cross-cutting themes of skills, management, investment, regional supply chains, innovation and enterprise, to address the main issues around pro...
Funded by: ESRC
Lead research organisation: University of Warwick
Why might this be relevant?
Partially relevant as it focuses on productivity and skills, but does not specifically address business dynamism.
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Productivity Insights Network
UK national productivity challenges can be analysed from many different perspectives, including firm-specific, industry-specific, organisational-specific, institution-specific or technology-specific perspectives. In the ...
Funded by: ESRC
Lead research organisation: University of Sheffield
Why might this be relevant?
Partially relevant as it addresses productivity challenges from a regional perspective, but does not specifically focus on business dynamism.
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Innovation and Productivity Grand Challenge
The UK is strong in scientific, technological and engineering research. It has a vibrant economy enabling small and large firms to flourish. But it suffers an enduring productivity gap compared with industrial activities...
Funded by: EPSRC
Lead research organisation: Imperial College London
Why might this be relevant?
Partially relevant as it focuses on innovation and productivity, but does not specifically address business dynamism.