This document provides a summary of the ERC State of Small Business Britain Conference in 2019. It includes summaries of multiple presentations and sessions at the conference on topics related to small businesses in Britain, including:
- An overview of the state of small businesses based on recent statistics showing declining confidence, entrepreneurial activity, and business profitability.
- A discussion of the UK government's industrial strategy and sector deals to increase productivity in key industries like life sciences, automotive, and construction.
- Presentations on unlocking growth in the creative sector, the challenges facing an automotive SME after 11 years in business, and the future prospects for small businesses in the automotive industry in light of trends in the UK
Solving the UK's Productivity Problem against the backdrop of Brexit - challe...enterpriseresearchcentre
Keynote Presentation at SME Live 2018,NEC, October 16th by Mark Hart.
Solving the UK's Productivity Problem against the backdrop of Brexit - challenges and opportunities for small businesses
Solving the UK's Productivity Problem against the backdrop of Brexit - challe...enterpriseresearchcentre
Keynote Presentation at SME Live 2018,NEC, October 16th by Mark Hart.
Solving the UK's Productivity Problem against the backdrop of Brexit - challenges and opportunities for small businesses
Industrial Strategy: update of summary slides August 2013bisgovuk
Updated summary slides on the Government's rationale behind and approach to Industrial Strategy. Includes progress update on sector and technology strands.
Innovation Policy by Fergus Harradence BISTal Oron
A presentation by the deputy director for innovation policy, Mr. Fergus Harradence @ a talk organized by the Entrepreneurs Interactive Society, Imperial Business School
Victoria, while rich in renewable energy resources and strong industry capabilities in ICT, its dependence on brown coal as an energy source has meant it has struggled in demonstrating leadership in the emerging or so called "new energy" sector. This sector strategy published in 2016, suggests that the state's appetite for change has moved in the right direction, with some of the plans e.g. setting renewable energy generation targets, already being committed to publicly. This will greatly help in bringing further investment in new energy into the state.
New energy technologies are a small but growing part of Victoria’s economy. New energy technologies include forms of renewable energy, innovations that make the state's energy system more efficient, and the products and services that increase consumers’ control over their energy needs. The new energy technologies sector
creates jobs to deliver these outcomes to the state.
New energy technologies offer potential for substantial employment growth across the state because of competitive advantages in the sector. Victoria enjoys significant advantages in areas such as information and communications technology (ICT), advanced manufacturing, and material engineering. It also has abundant world-class renewable energy resources, smart meter infrastructure, and research and technological
capabilities, so it is well-placed to capitalise on sector growth.
Brian MacAulay, Director of the Innovation Index at NESTA, gave this presentation at a workshop on 'innovating out of recession' held at the West Midlands Regional Observatory's Annual Conference, 20th October 2009.
Innovation and Research Strategy for Growth Ed Dodds
The Coalition Government published its Innovation and Research Strategy for Growth and an associated Economics paper on 8 December 2011. The strategy centres on supporting business R&D in areas in which the UK excels, within the context of developing the wider UK innovation eco-system including universities and other organisations. The Economics paper provides supporting evidence for this policy.
2018 Innovate UK Clean Growth and Infrastructure BrochureKTN
Innovate UK has published a brochure showing how it and its partner organisations drive innovation and help businesses meet challenges in the clean growth and infrastructure sectors.
The document outlines the impact that the business support network has had including significant investments in the UK and support for overseas projects.
Innovate UK’s business support partners include the Knowledge Transfer Network, Enterprise Europe Network, the Catapult Network, Innovation and Knowledge Centres and the Urban Living Partnership.
Read more: https://www.ktn-uk.co.uk/news/clean-growth-and-infrastructure-brochure-how-innovate-uk-and-its-partners-drive-innovation
Network Rail & Innovate UK Railways SBRI Competition Briefing: Innovation in ...KTN
Network Rail, through Innovate UK, are to invest £2.88 million in two SBRI competitions to improve the safety and efficiency of our railways. The competitions launch on Monday 2nd December and this briefing event is aimed at providing you with more information on the competitions and how to apply. It is also an opportunity to meet others, network and form collaborative partnerships.
Up to £1.08m (+VAT) is available to support the key challenges faced by Network Rail: trespass at platform ends and edges (e.g. fare evasion, shortcuts) and incursion over platform ends and edges to commit crime (e.g. cable theft, vandalism). Network Rail is seeking to demonstrate the capability of physical and/or technological solutions to combat these challenges. The solution must be scalable to suit a variety of station environments and will be tested through trials at multiple live station environments.
Find out more: https://ktn-uk.co.uk/news/live-now-webcast-network-rail-innovate-uk-railways-sbri-competition-briefing
Slide deck from the ERC _ IFB event held at the Shard on March 2nd 2023
This conference focussed on the theme of new frontiers in family business research. Researchers, decision makers, and family business practitioners came together to discuss current themes and challenges in the family business research field and practice, and to explore new priorities and avenues for research in 2023 and beyond.
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The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
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It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
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Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
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7. Entrepreneurship
… and this year we have seen a slight fall in levels
of entrepreneurial activity and other metrics…
8. Business birth and death rates
… the fall in entrepreneurial activity is reflected in the business
demographics data – falling births and rising death rates.
9. Established SMEs trading profitably
… and the challenging climate is evident among established
firms too with a sharp fall in the proportion trading profitably…
10. High growth firms
(OECD definition)
... and stagnant proportions of high growth firms using the
OECD definitions. Note significantly higher in services.
13. Firms increasing productivity
(%, over three years)
… and the proportion of firms in both manufacturing and services
increasing productivity is also flat (and has been for much of the
post recession period).
14. Challenges facing SMEs
… market and regulatory factors dominate although
Brexit is creeping up the challenges ‘league table’.
15. Putting it all together in demographics…
… net job growth remains positive driven by jobs in expanding firms.
This is offset by a tick upwards in contractions (negative impact).
16. It’s not all doom and gloom!!
• The majority of companies continue to trade profitably and
create value for their customers, owners and employers
• But the statistics suggest a stagnant or weakening picture
and it is rather difficult to find many ‘good news’ statistics
• Jobs growth remains positive, however, and (perhaps
surprisingly) the recently published LSBS data does suggest
a sharp tick up in three-year growth ambition by around
9pp.
• As we have seen there are marked sectoral and spatial
contrasts across the UK however and we look forward to
discussing these in more detail during the rest of the day
17. Supporting SMEs through the
Industrial Strategy
Grace Carey, Head of Industrial Strategy Sector Deals, BEIS
@ERC_UK
19. The UK’s approach to Industrial Strategy
The Government's modern Industrial Strategy sets out a long-term plan to boost productivity by
backing businesses to create good jobs and increase the earning power of people
throughout the UK with investment in skills, industries and infrastructure. It is a cross-government
programme to which all departments are contributing, and focuses on:
Strengthening the foundations of productivity – by encouraging innovation,
developing high quality jobs, supporting UK businesses and fostering growth
in all parts of the UK.
Building long-term strategic partnerships with businesses through Sector
Deals between government and industry.
Taking on Grand Challenges – the society-changing opportunities and
industries of the future where the UK can build on its strengths and lead the
world. This will be done through an innovative 'mission based' approach.
20. • Raise total R&D investment to 2.4 per cent of GDP by
2027
• Increase the rate of R&D tax credit to 12 per cent
• Biggest increase in R&D funding ever - committing an extra £7
billion by 2021/22
• Technical education system rivalling the best in the world
• Additional £406m in maths, digital and technical education
• £100 million committed for new National Retraining scheme
• £37bn National Productivity Investment Fund
• Support electric vehicles through £500m additional
investment
• Over £1bn public investment in digital infrastructure
• Launch and roll out Sector Deals
• Drive over £20bn investment in high potential businesses,
including a new £2.5bn Investment Fund
• £56m package to support business productivity
• Rapid development of Local Industrial Strategies
• 18 cities benefitting from £2.5bn for intracity transport
• Provide £42m to pilot a Teacher Development premium
The UK’s five Foundations in practice
Ideas
People
Infrastructure
Business
Environment
Places
21. Life Sciences
• Ensures new pioneering treatments
and medical technologies are
produced in the UK,
• £1.1bn investment from private and
charitable sectors
Automotive
• Ensures that the UK continues to
benefit from the transition to ultra-
low and zero-emission vehicles by
building an agile, innovative and
cost competitive supply chain
Artificial Intelligence
• Establishing the UK’s position as a
leader in developing AI technologies
• Actions to increase data availability
and developing high-level skills
Building long-term, strategic partnerships with
business
Creative
• £150m across the lifecycle of
creative businesses
• Invests in creative clusters,
technologies, and skills to unlock
growth for creative businesses
Partnerships between government and industry aiming to increase sector productivity:
Nuclear
• £200m to drive down cost of nuclear
energy
• 30% reduction in the cost of new
builds by 2030
• Establishing a framework for the
development of small modular
reactors
Construction
• 420 million of investment to
transform construction with new
digital and offsite manufacturing
technologies
• Cheaper energy bills for families
and businesses
10 Sector Deals have been negotiated so far, with further proposals under consideration. Agreed deals
include:
22. Building long-term, strategic partnerships with
business
Partnerships between government and industry aiming to increase sector productivity:
Life Sciences 2
• £1.4 bn support from Government to
strengthen UK’s leadership in
science & innovation
• Further £1bn of investment from
private companies building on
commitments in Sector Deal 1
Aerospace
• Up to £250 million co-investment
between government
and industry, for electrification
and automation of aircraft
• Aerospace industry committing
to a Women in Aviation and
Aerospace Charter.
Rail
• Includes commitment to establish a
platform for securely sharing rail industry
data
• Supports the sector to deliver significant
reductions in the cost of digital signalling
• Doubling export performance by 2025
through goods and services.
10 Sector Deals have been negotiated so far, with further proposals under consideration. Agreed
deals include:
OffShore Wind
• 30% of electricity to come
from offshore wind by 2030.
• Target of increasing exports
to £2.6 billion by 2030.
• Sector to invest up to £250m
in building a strong UK
supply chain.
23. The UK’s four Grand Challenges
Clean growth
We will maximise the advantages for UK industry from the
global shift to clean growth
Growing the AI & Data-driven Economy
We will put the UK at the forefront of the artificial
intelligence (AI) and data revolution
The Future of Mobility
We will become a world leader in the way people, goods
and services move
Ageing society
We will harness the power of innovation to help meet the
needs of an ageing society
24. Unlocking SME growth in the
creative sector
Dr Josh Siepel, Senior Lecturer,
Science Policy Research Unit University of Sussex &
Creative Industries Policy and Evidence Centre
@ERC_UK
25. Unlocking Growth in
the Creative Industries
Dr Josh Siepel
SPRU, University of Sussex
ERC State of Small Business
Britain Conference
27 June 2019
27. Growing
Creative
Industries
Firms
● Creative industries firms WANT to grow
–
○ 73% have growth aspirations, versus
approximately 50% of the population
● They also face barriers to growth:
○ Access to finance
○ Access to skills
○ Challenges of perceptions
28. How can
we unlock
growth in
the
creative
industries?
● Target policies to support creative industries
firms
● Recognise heterogeneity between sectors
● Build support ecosystems
The PEC is working in this area – watch this
space for new findings!
86. - The best creatives don’t make the best CEOs
- The best creatives don’t make the best CFOs
- Design and the business of design
- Continue to innovate, don’t stagnate
- Accept that some things are out of your control
- Crashes are painful
- Crashes are hopefully healthy
87. - National Maritime Museum – Re:Think – open now
- Royal Observatory Greenwich – The Moon – July
- Swarovski
- ???
92. The future of SMEs in the
automotive sector
Professor David Bailey, Birmingham Business School
@ERC_UK
93. The future of (SMEs in) the
automotive sector
ERC State of Small Business Britain Conference
The Shard, London
27th June 2019
Professor David Bailey
Birmingham Business School
& UK in a Changing Europe
Senior Fellow
94. Automotive Sector:
Where are we now? Where Next?
Market trends
Brexit
New technologies & value chain…
Policy issues
95. UK Auto Market trends
• UK sales down 7% in 2018, and down 4.6% in May
2019 (so far 2019: -3.1%)
• 2019 market shares so far: diesels 28% (33%), petrol
66% (62%), AFVs 6% (5%)
• Remember that Diesels took a huge bashing in
2018: Diesels -30% Petrol +9%, AFVs +21%
• Little sign of diesel’s decline coming to an end: 26
straight months of diesel decline. 2019: -18.4%
• Big discounts & pre-reg cars back in a big way
• 2019 as a whole?
96. SMMT 2019 forecasts
• Cars registrations at 2.313m, down 2.3% on the 2018 level.
• Diesel car volume of 0.624m, down 17% on 2018 and reducing
market share to 27%.
• AFVs registrations to rise 25% and plug-ins up 43%, taking
market shares to 8% and 4%
97. Market downturn: why?
• UK market 2019 (so far) -3.1%: 2018 -7%: 2017 -
6%.
• Big shift away from diesels ongoing…
• Economy has slowed: 2% smaller than would
have bene otherwise, post Referendum.
• Supply side disruption with new testing regime
• SMMT had been too optimistic (f: 2.6% fall in
2017): it had expected “the market to continue
gradually recovering” in 2018.
98. UK car production
• Production -9% in 2018 (output for domestic
market -16%). 2019 1st Quarter: -16%
• April: -45%
• “considerable concern” – SMMT
• Production slowdowns, shut downs and job
cuts at Vauxhall, Ford, Nissan, JLR.
• Combination of: Diesel’s demise, ‘China
syndrome’ & Brexit uncertainty slowdown
• Honda and Ford closure announcements.
103. Diesel’s decline
• Diesel market share continues to fall across W Europe;
March 2019 32% (March 18: 36%, March 17: 45%)
• Europe: >3 years of falling diesel share (52% late 2015)
• ‘Starting to level off’? But further policy action likely.
• Key market: Germany - diesel share fell below 30%.
• May: diesel pick up – 33% share.
• Hamburg and Berlin have banned older diesels from
parts of cities. German scrappage scheme.
• Germany: share 20% by 2020, 15% by 2025?
• 2025 European market share could be as low as 15%
106. Diesel’s decline
“bad publicity about diesels is freaking out the public”
• ‘Perfect storm’ post dieselgate: consumer concerns
over tighter regulation in cities*, new tax rates,
resale values, tighter ‘real world’ WLTP testing, costs
of new technology, plus environmental concerns…
• Auto industry has ‘collectively shot itself in the foot’:
still failing to get over a convincing message on which
diesels are clean.
• UK Govt stance v confused. Diesel tax, ban by 2040,
hybrids? BEIS Select Ctte: ban to be brought forward
to 2032.
107. Effects of declining diesels? 1
• BMW, Audi, Mercedes Benz, JLR, Volvo most
affected
• Risk for car banks & financing companies: write off
€millions on diesel residual values.
• Premium players - av.CO2 emissions will rise:
increase potential for EU fines for non-compliance
with 2020 emissions standards
• “With up to 1m annual sales and emissions up to
15-20 g/km above 2020 standards… luxury
[manufacturers] annual CO2 penalties could rise
towards €2 bn a year,” (Morgan Stanley)
• + need to spend heavily on technology to replace
diesels. Further collaboration likely.
108. Effects of declining diesels? 2
• Market pull outs: Nissan, Toyota, Suzuki,
Mitsubishi, Fiat Chrysler, Porsche, Volvo all
phasing out passenger vehicle diesel sales.
• Peugeot: “made a mistake with pushing diesels”
• Others to follow?
• BMW has committed strongly to diesel
• Some segments still diesel dominated
109.
110. Clean air zones
• CAZ Framework released in 2016; aim to reduce NOx levels
• Euro 6 diesel / Euro 4 Petrol is good enough for now
• Principles: ‘One of the aims of Clean Air Zones is to support
the transition to ULEVs (Ultra Low Emission Vehicles)’
• Local authorities to explore all non-charging methods before
justifying use of a charging zone.
• 5 English cities mandated to create a CAZ by 2020; Leeds,
Derby, Nottingham, Birmingham & Southampton.
• Further 15 zones required CAZ plan, & another 7 required to
develop a local action plan
• BUT Birmingham and Leeds delayed
112. Hybrids?
• Petrol/diesel ban from 2040 announced in 2017
• ‘Road to Zero’
• Govt thought to be considering ban on hybrids
(<50m on battery) by 2040.
• Risks killing technology before it takes off?
113. Brexit
• Uncertainty: 80% decline in investment over last 3 years
• Slowed economy
• Trading arrangements + Rules of Origin
• Customs
• Skills
• Regulation
• Research networks and funding: imp for SMEs too
114. No deal?
• Short term production hit:
-175,000 units
• Longer term:
as much as -500,000 by end of 2020s.
• Plant closures
• 10,000s of job losses
118. EV sales in EU up:
market share 2% 1st quarter of 2019
119. 2020 ‘Year Zero’ for EVs?
• Tough EU fleet average CO2 emission targets
arrive in 2020
• ‘Super credits’ come in for plug-in vehicles
emitting under 50g/km of CO2
• PLUS emissions cut for auto of 35% by 2030
likely to add to EV take up: Morgan Stanley
now forecasting 30% EV market share by 2030
• UK out of sync in cutting EV subsidies. UK
market? UK won’t count for EU targets plus
subsidy cut…
123. Implications for the Value Chain 1
‘fleet-based on-demand personal mobility’ value chain,
comprising components which will share data across the
value chain, such as:
• Vehicle design and manufacturing (existing automaker,
outsourced automotive manufacturer, supplier or fleet
operator, operating more on an open innovation model).
• Operating Platform (existing automaker, tier 1 supplier or
new entrant like Waymo, Renovo or Drive.ai)
• User Experience Platform provider (controlling the
passenger’s mobility experience, including in-cabin
experience, including hardware, software and data.
124. Implications for the Value Chain 2
• Data services provider: content - entertainment, traffic,
mapping or weather, consumed by ACE platforms or
passengers in ACE vehicles.
• Fleet creation: fleet operators could specify, design and
buy/lease from a specific vehicle manufacturer or lease
vehicles from a ‘fleet creation company’, as in the airline
industry. Fleet creation involves financing and insurance.
• Fleet operator: firms operating and managing the fleet of
ACE vehicles offering on-demand mobility services - extend
to integrating on-demand with public transport and to
‘Global Distribution System’ firms (as in the airline industry)
offering reservations to on-demand mobility services?
• Fleet service and maintenance provider: servicing,
maintaining and supporting fleets – specialists may provide
this service.
125. Policy: helpful but modest so far…
• Innovate UK funding and APC support has been
key
• Chancellor announced funding for new
technologies such as driverless cars and electric
vehicle batteries in the last Budget.
• But sums on offer (£270 million +) for a range of
disruptive technologies including robotics,
biotech and driverless cars, seem pretty small
beer compared to other countries.
• The Obama government set out a ten-year,
$4bn programme in the United States to invest
in driverless cars alone.
126. Some policy implications
• Brexit
• Policy on diesels
• Industrial strategy for EVs; technology, skills,
supply chain AND consumer take up – taxes,
infrastructure etc
• Govt’s industrial strategy and sector deal IS a
start but doesn’t go nearly far enough eg on
supply chains.
• Long term commitment and certainty re take up
of LCVs.
• Autonomous cars: need for broader planning and
debate.
• EU standards – membership was a good thing:
how will this be handled?
128. The ‘Mittelstand mindset’:
How firms in the automotive sector in
the UK and Germany are responding to
digitisation
Professor Stephen Roper, Director, ERC
@ERC_UK
130. Setting the scene
• Mittelstand companies - independent often family-owned and run SMEs -
are widely admired for their innovation, operational excellence and high
productivity
• But, by repute the Mittelstand Mindset also means firms prefer internal
financing and independent innovation which may limit their ability to
adapt to digitisation
• In this project we are considering ‘whether and to what extent the ongoing
digitisation of our economy and society will undermine the typical
Mittelstand mindset’.
• Our research focuses on Mittelstand companies in the automotive
manufacturing sector in the UK and Germany
• This project is on-going so this is a bit of an ‘in-flight’ briefing based on the
complete UK survey (86 firms) and partial German survey (39 firms)
131. Seven traits that define the
‘Mittelstand Mindset’
• A niche or ‘super niche’ focus on achieving global market leadership
• Globalization strategy often accompanies these niche strategies
• Customer collaboration is seen as a key priority in product development.
• A preference for self-financing – related to the desire for independence
• A long-run mindset consistent with a strategy of incremental
improvement.
• Superior employee relations stem from Mittelstand firms’ desire to
provide long-term employment and training opportunities.
• Community embeddedness –a commitment to local development.
De Massis, A.; D. Audretsch; L. Uhlaner; and N. Kammerlander. 2018. Innovation with Limited Resources: Management Lessons
from the German Mittelstand. Journal of Product Innovation Management 35:125-146.
132. Introducing the firms
UK
N=86
Germany
N=39
Employment 24.9 38.7
Turnover (£m pa) 3.6 4.9
Sales per employee (mean) 140.1 140.0
Export share of sales (%) 15.2 20.0
Business age 31.9 56.6
Female leadership (%) 24.0 10.5
Employment growth (10 plus, mean %pa) 9.6 7.7
Turnover growth (10 plus, mean %pa) 6.0 6.6
… German firms are larger, older and have fewer female leaders. Productivity is
almost identical
140. Barriers to digitisation
… barriers differ. Key in Germany broadband speed, security concerns
dominate in the UK
141. Summary points
Similarities
• Similarities are evident in terms of a
range of market facing and operational
capabilities.
• A niche or ‘super niche’ focus and
Globalization strategy – UK firms
actually export to more countries
• Very similar funding profiles – German
firms more bank dependent
• A long-run mindset - UK firms have
longer time horizons
• Superior employee relations – firms in
both areas prioritise employee
relationships
Differences
• Differences are most evident
in terms of customer
collaboration, community links
and inter-firm connectivity.
• Community embeddedness –
62 per cent of German firms
were engaged in community
projects 24 per cent in the UK
• Customer collaboration – 85
per cent of German firms hold
regular review meetings with
customers, 46 per cent UK.
142. Final remarks
• As Pahnke and Welter (2019) comment the Mittelstand is
entrepreneurship that ‘builds on a sense of responsibility and
solidarity’.
• Our interim results suggest that despite some striking similarities
the connectedness and embeddedness which this implies seems
less evident across UK firms.
• Next steps in the project are final German interviews and a series
of case studies in each country
143. Panel discussion:
How can we make innovation happen in
SMEs?
Archie McPherson, Chief Executive, Warwick Manufacturing Group,
Mark Norris Head of Industrials, BEIS
Dolores Sanders, Strategic Director, Total Control Pro Limited)
Chair: Lee Hopley, Deputy Director, ERC
@ERC_UK
154. The role of Growth Hubs
in strengthening and cultivating
sectors locally
Roya Croudace, Director, Enterprise M3 Growth Hub
@ERC_UK
155. ERC State of Small Business Britain Conference 2019
The role of Growth Hubs in
Strengthening sectors
Thursday 27th June 2019
Roya Croudace
EM3 Growth Hub Director
155
156. • Setting the scene: EM3 Growth Hub
• What’s so special?
• Games sector in Guildford
• Cultivating a community
157. What is the Enterprise M3 Growth Hub?
• Consortium delivery
• High growth intensive support and universal service
• Small Team of 6 full time staff
• Operate “Associate Model” with 15 Associates
158. Our Services
Impact assessment & bespoke Growth Plans
a. 2 days 1:1 Consultancy, Mentoring or Coaching
b. Signposting to receive Local Support from
- Partners
- Clients
- Intermediaries/Suppliers
- Specialist Support Network
159. What is different about the Growth Hub?
Our service is:
• FULLY FUNDED
• Personal
• Tailored/Lean
• Focused on Growth
What our Services are?
160. Professional
Services
Health &
Pharmaceuticals
ICT & Digital
Media
Aerospace &
Defence
Priority Sectors
Niche Sectors
5G Telecoms
Animal Health
Photonics
Advanced Materials
& Nano Technology
Satellite
Technologies Advanced aerospace
& automotive
manufacturing
Cyber Security
Computer games &
entertainment
technologies
162. The 6 things all Companies need to grow?
1. Firm Business Foundations
163. The 6 things all Companies need to grow?
1. Firm Business Foundations
2. Access to Finance
164. The 6 things all Companies need to grow?
1. Firm Business Foundations
2. Access to Finance
3. Strategy
165. The 6 things all Companies need to grow?
1. Firm Business Foundations
2. Access to Finance
3. Strategy (Business, Financial, Sales & Marketing, IP & Exit)
4. People
166. The 6 things all Companies need to grow?
1. Firm Business Foundations
2. Access to Finance
3. Strategy (Business, Financial, Sales & Marketing, IP & Exit)
4. People
5. Product, Services & Processes
167. The 6 things all Companies need to grow?
1. Firm Business Foundations
2. Access to Finance
3. Strategy (Business, Financial, Sales & Marketing, IP & Exit)
4. People
5. Product, Services & Processes
6. A Profit Engine
168. The House Model
Profit Engine
1. Marketing
2. Lead Generation
3. Prospecting
4. Sales
5. Operations
6. Account Management
7. Lost Sales Analysis.
The Enterprise M3 Growth Hub can identify &
address ALL these!
169. Silicon Drinkabout Guildford
Silicon Drinkabout is a regular after-work/school drinks
meetup for passionate tech/startup folks that happens the
first Thursday of the month (officially started in April 2017).
Silicon Drinkabout is a place to meet like-minded people,
have some fun and relax after another busy week. The
organising team consists of Guildford-based experts who're
happy to connect participants to other interesting
personalities of the group, whether on personal or
professional matters. A hooray to serendipity & beers! Leave
your business cards at home and come meet like-minds the
nicest way possible.
170. Growth
Guildford Business Growth is a free-of-charge dedicated business advice service available to all businesses in the
borough, no matter how small or large, whether existing or start up.
The service is delivered by the Enterprise M3 Growth Hub and Umi on behalf of Guildford Borough Council and includes
web chat, telephone advice with business advisers, face-to-face one hour clinics with a business specialist and
workshops dedicated to helping your business grow.
Areas of support will be bespoke to your challenges and opportunities across the start up and scaling up business
journey, including finance, export, business planning, sales and marketing.
172. So what’s so special about Growth Hubs?
1. Local knowledge, connected, collaborating
2. Deep dive with local businesses
3. Aligned to BEIS and LEP priority sectors
4. Neutrality
5. Centre of the innovation ecosystem
6. Stewardship
176. 176
Enabling Entrepreneurship
170 Past & present individual members
40 Desk capacity
55 Companies grown and developed there
Notable Rocketdesk graduates:
Jumpship, Mojiworks, No More Marking, Overdrive
Digital, Focal Point VR
2.5 years of history
177. EM3 Growth Hub and the Games Sector
1. Business support, investor ready,
2. Connecting and collaboration
3. Weekly growth champion at Rocketdesk
4. Focused meet ups, Unity and workshops
5. Inward investment showcase
6. Cross sector fertilisation
7. Skills
179. 179
Guildford.Games Website / Branding
• Full branding project for
Guildford’s games industry to
utilise (TM pending)
• Website highlighting
Guildford’s studios, history,
activity and supporting
ecosystem
• Enabling Guildford to become
an easy-to-share example of
creative prestige in the UK
• Inspiring confidence for inward
investment
• Supporting the success of new
SME’s in the region
183. Panel discussion:
Identifying and growing local sectoral
strengths
Roya Croudace, Director, Enterprise M3 Growth Hub
Mark Basnett, Managing Director, Liverpool City Region LEP
Angela Joyce, Chief Executive, Warwickshire College Group
Rebecca McDonald, Analyst, Centre for Cities
Chair: Professor Mark Hart, Deputy Director, ERC
@ERC_UK
185. ERC over the next year…
Core projects
• What drives local differences in financial status
and investment?
• How does IP influence firms’ ability to innovate
and derive value?
• Who are the UK’s leading productivity
businesses? How are they influencing others?
• How do local productivity disparities emerge?
And, why?
• BEIS/Innovate UK/BBB/IPO/ESRC
Commissioned projects
• What does ‘productivity’ mean in
micro-businesses? (ESRC)
• How does well-being influence
productivity in SMEs? (Midlands
Engine)
• How long is a piece of string? Or, the
time between innovation support and
firm benefits? (Canadian Treasury)
• How can we build better business
resilience among SMEs? (JP Morgan
Foundation)
186. @ERC_UK
Find out more
VISIT THE WEBSITE: www.enterpriseresarch.ac.uk
@ERC_UK
EnterpriseResearchCentre(UK)
EMAIL: centremanager@enterpriseresearch.ac.uk