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January 2019

Latest Publications

Research Papers 
Fast-growth firms and their wider economic impact: UK evidence.
Research Paper No 73

Small groups of fast-growth firms make a significant contribution to job creation and economic growth. Yet we know little about their broader impact on the economy. This research investigates how the number of fast-growth firms in a region and industry impacts on growth of other firms. By linking the ONS Business Structure Database (BSD) with additional data at the industrial and regional level over the period 1997-2013, we test different channels of wider effects of fast-growth firms in the manufacturing and professional service sectors.
 
Professor Jun Du
Enrico Vanino
Read the Research Paper
Fecundity, fertility, survival and growth: high-growth firms in the UK and their contribution to job creation, a demographic perspective
Research Paper No 74

High growth firms (HGFs) have attracted an increasing amount of attention in the last decade as economies begin to emerge from a period of deep recession and policymakers take a renewed interest in firms which generate jobs on a large scale However, despite the attention given to HGFs by policy-makers and researchers, surprisingly little seems to be known about the longer term performance of HGFs and, in particular, about their growth outside the period which led them to be classified as HGFs.


Dr Michael Anyadike-Danes
Professor Mark Hart 
Read the Research Paper here 

SOTA Reviews 
Access to Venture Capital Amongst Female-led Firms
SOTA No16
While the participation of women in entrepreneurship has increased in recent years, women’s access to venture capital (VC) has not moved at the same pace. The gender gap in VC funding persists, as is also the case in other equity financing markets. 

Aloña Martiarena
Mark Hart 
Read the SOTA here 

Lisburn & Castlereagh City Council Economic Strategy

As part of stage one of the work ERC are undertaking in collaboration with QUB for the DfE, Northern Ireland and following the launch of the GEM NI report and NI Local Growth dashboard  Mark Hart and Karen Bonner were invited to a workshop with the Economic Development Managers team to discuss how the ERC’s Local Growth Dashboard can be used to provide simulations for policy options within the development of an overall Strategic Economic Plan for the Council area. 

Innovative DRUIDs

Temi Akinremi from ERC presented a research paper on her work on innovation collaboration in UK metalworking firms at the prestigious DRUID Academy for early career researchers in Aalborg, Denmark. Stephen Roper did one of the keynote presentations at the same event focussing on the unforeseen effects of innovation.
 

Innovation Austria

Just before Christmas OECD published a review of the Austrian Innovation System as part of the development of a new national innovation strategy. Stephen Roper from ERC was one of the lead authors. Austria is particularly interesting from a UK perspective given their high and rising R&D spending.
Find the report here.

Diversity and inclusion in business innovation

On 23rd January, Maria Wishart, ERC Research Fellow, attended a workshop in London run by Innovate UK, the UK’s innovation agency, and the Innovation Caucus, a group of leading academics engaged in innovation research. The purpose of the workshop was to initiate a research project focusing on diversity and inclusion in business innovation. The event brought together a range of stakeholders, from academia, research organisations, businesses, charities and government, to share evidence and to scope the survey phase of the project, which will begin shortly. The research will build a strong evidence base and rationale for Innovate UK’s future diversity and inclusion work. In particular, it will identify the challenges and opportunities for increasing the participation of people with disabilities and people from Black, Asian and minority ethnic (BAME) communities in business innovation.
Watch this space for updates on this exciting work! 

Latest Projects

Analysis and Benchmarking of Business High-Growth Performance in Scotland

This project for Scottish Enterprise explores further the high-growth dynamics of Scotland’s business base, benchmarking this against other regions of the UK and, where possible, other countries. The objective is to focus on the level to which Scottish businesses achieve and then sustain levels of high-growth, ultimately reaching the definition of becoming a High-Growth Firms (HGFs) as defined by the OECD, and how this compares with elsewhere.


'Productivity from below: addressing the productivity challenges of microbusinesses'

The ERC are delighted to be involved in leading elements of the 'Productivity from below: addressing the productivity challenges of microbusinesses' project, working with Monder Ram at CRÈME, Bringing together three leading research centres: the Centre for Research in Ethnic Minority Entrepreneurship (CREME), the Enterprise Research Centre (ERC) and City-REDI (Regional Economic Development Institute) CREME has been awarded an ESRC grant to undertake a 3 year project titled ‘Productivity from Below: Addressing the Productivity Challenges of Microbusinesses’. The main objective of the research is to use scientifically rigorous academic research, co-produced in collaboration with practitioners, to design and implement scalable policies to boost productivity by strengthening management practices in micro-businesses. The project will produce important practical outcomes through the provision of evidence-based interventions in the form of customised programmes. These programmes will be designed to upgrade leadership and management skills that lead to a boost in productivity for the businesses. It will also actively support the development of a more responsive and inclusive business support eco-system in the West-Midlands.
Details of the project can be found here. 

Save the Dates 

ERC Research Showcase 2019 will be held on
Thursday March 7th at
WBS, The Shard, London. 
Registration details will be announced on the ERC Website. 
ERC Annual State of Small Business Britain Conference 2019
will be held on
Thursday June 27th at
WBS, The Shard, London.
Programme details, speakers and registration details will be announced  on the ERC website.
For more general  information regarding any of our events please click here 

What's On
ERC Seminars 
Date: Tuesday 19th February
Times: 12.00 – 14.00
Venue: WBS
Please click here to register
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