Monday, March 21, 2011

[IWS] Work Foundation (UK): READY, STEADY, GROW? How the government can support the development of more high growth firms [21 March 2011]

IWS Documented News Service
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor----------------------
Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau


Work Foundation (UK)


Ready, Steady, Grow? How the government can support the development of more high growth firms [21 March 2011]

A joint Cities 2020 and Knowledge Economy Programme Report

Prepared by Charles Levy, Neil Lee and Annie Peate


[full-text, 54 pages]



This report outlines what the government must do ensure the success of so-called high growth firms. With David Cameron stating that “the small, high growth firms are responsible for half of new job creation”, there is now a consensus that these firms are crucial to recovery. However, little has been said about what should be done to help them grow. Drawing on interviews with entrepreneurs from current and potential high growth firms, the report sets out to address this major policy gap.



Executive summary 3

1. Introduction 6

2. What do firms need for explosive growth? 12

3. How can and should public policy support high growth firms? 24

4. Current and future enterprise policy, how well does it support high growth firms? 37

5. A high growth firm policy agenda 47


Press Release 21 March 2011

Ready, Steady, Grow! Identifying what high growth firms need to succeed




The UK economy needs more private sector jobs. A small minority of firms will create the majority of these. But what is distinctive about these firms and what supports their development? With insights from David Frost CBE and Adrian Bailey MP.


Our report addresses the urgent need of the UK economy to create more private sector jobs. We know that a small minority of firms will create the majority of these new jobs. Yet we still know little about what is distinctive about these firms and what supports their development. It is clear that the old business support infrastructure was failing many potential high growth firms. The removal of the RDAs and the changes to Business Link offer a unique opportunity for places to build a new infrastructure which is capable of delivering meaningful support. 



This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.

Stuart Basefsky                   
Director, IWS News Bureau                
Institute for Workplace Studies 
Cornell/ILR School                        
16 E. 34th Street, 4th Floor             
New York, NY 10016                        
Telephone: (607) 255-2703                
Fax: (607) 255-9641                       



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