3.3g How are businesses scaling up? What opportunities and challenges do they face at different stages of scale up as businesses move through micro to small, small to medium, medium to large? At which stage of scaling up are the greatest marginal gains in the economic contribution of creative businesses to the economy?
Background
Supporting creative businesses to grow is a central part of DCMS policy. We know there are a range of challenges as creative enterprises scale up, innovate new products and services, and find new audiences. Creative industries also face highly dynamic and competitive markets, and thus we welcome research on how businesses increase resilience to economic shocks.
Next steps
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Topics
- arts, culture, entertainment and media
- economy, business and finance
- business information
- strategy and marketing
- new product or service
- research and development
- economic sector
- financial and business service
- small and medium enterprise
- economic growth
- economic indicator
- science and technology
- society
Related UKRI funded projects
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Developing a resilience framework and toolkit for UK creative micro-businesses as a route to recovery from the Covid 19 pandemic.
A 2020 survey of creative and cultural organisations across the South West of England, led by Dr. Tarek Virani and funded by the AHRC's Bristol and Bath Creative R + D Clusters programme, showed that between 18% and 22% ...
Funded by: COVID
Lead research organisation: University of the West of England
Why might this be relevant?
Addresses resilience and recovery for UK creative micro-businesses post-Covid.
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Improving Investment Readiness for SMEs in the Creative Industries
Creare Capital is a funding-finding platform for creative and digital businesses, where we are dedicated to improving access to finance for the creative industries. Through this project, we will develop a financial readi...
Funded by: Innovate UK
Lead research organisation: CREATOR CAPITAL LIMITED
Why might this be relevant?
Focuses on improving investment readiness for SMEs in the creative industries, partially addressing scaling challenges.
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MVP Plan of Creative Production Micro-Economy
Minimum Viable Product Plan: RegenerArting our Neighborhoods through Collective Imagination! Creative Reset Ltd.'s founder was a digital disruptor on the west coast of North America and discovered possibilities that can...
Funded by: Innovate UK
Lead research organisation: CREATIVE RESET LTD
Why might this be relevant?
Proposes a plan to test digital marketing SAAS platform for UK arts, partially addressing scaling challenges.