The entrepreneurial spirit of the UK is thriving and we are home to some of the most innovative businesses in the world. However, against this optimistic foundation is the reality that productivity growth remains weak, with the UK lagging 17% behind the G7 average. Businesses take decisions on a daily basis that affect productivity and this report highlights best practice from highly productive scale-up firms.
Lifting the trophy showcases new research on the impact of scale-up businesses on UK productivity and profiles their insights and strategies into raising competiveness and efficiency within firms. Based on data from companies across the UK and interviews with over 30 scale-up businesses, the report highlights that a small number of entrepreneurial firms make a large contribution to UK productivity that other businesses can learn from.
- In 2013, 4% of firms contributed 17% to total UK productivity
- Between 2012 – 2015, over 18,500 businesses rapidly scaled-up their turnover – 650 of these were mid-market firms
- Within the scale-up community, highly productive firms are twice as common
- 8 out of 10 of the UK’s most productive businesses are located outside London
Through interviews with scale-ups across the UK, the report shares practical insights into boosting productivity on a range of different issues – from adoption of technology to employee engagement.
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