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
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.
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Institute for Workplace Studies
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