Encouraging innovation should be central to the Government’s Industrial Strategy. But who should foot the bill for interventions in innovation? This is a question highlighted in our recent work on the Sheffield Advanced Manufacturing Park.
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Many areas will no doubt look to the West Midlands’ newly published local industrial strategy as a template, but they must identify what the barriers to high productivity businesses are in their own areas if they are to be useful
Focusing on the ‘everyday economy’ will not deliver the productivity boost that the Industrial Strategy hopes to achieve
Burnley’s economic performance highlights the dangers of over-reliance on traditional manufacturing
While arguments rage about how the Stronger Towns Fund came about and the size of it, the more fundamental question is what should it be spent on?
The 12 Urban Myths of ChristmasMyth #7: You need a university to have a strong economy
Together with increasing graduate retention, another common thing we hear about skills is that having a university is a ‘must have’ for places to build a strong, thriving economy. Yet, the...
The 12 Urban Myths of ChristmasMyth #6: We should focus on the ‘long tail’ to solve the UK’s productivity problem
Many have puzzled over why the UK’s productivity performance is so bleak. While the latest OECD research suggests the gap between France and the UK is smaller than previously thought due to...
The 12 Urban Myths of ChristmasMyth #5: Public bodies should buy locally to support local economies
If cities don’t spend money on local firms, does money then ‘leak’ out to other areas? This Christmas, consumers are being encouraged perhaps more than ever to buy locally or even to use...
The 12 Urban Myths of ChristmasMyth #4: Cheap land is an asset for city economies
Should cheap land be on cities’ wishlist to Santa? Yonder peasant, who is he? Where and what his dwelling? Sire, he lives a good league hence, Underneath the mountain Right against the...
For the industrial strategy to succeed in increasing UK productivity, the new chair of the Industrial Strategy Council must follow three core principles.