Yossie Olaleye from the School of Business, Economics and Informatics reports on a recent conference at the Birkbeck Centre for Innovation Management Research (CIMR) on the UK’s Industrial Strategy.
Innovation and technological advancement lie at the heart of industrialisation. In November 2017, the Department for Business, Energy & Industrial Strategy (BEIS) published the UK government’s Industrial Strategy White Paper, which presents a ‘modern’ long-term plan to boost productivity across the country through innovation, infrastructure development, and collaboration. The Industrial Strategy focuses on the 5 foundations of productivity – ideas, people, infrastructure, business environment, and places – and the government hopes to encourage collaboration with industry, academia, and civil society to create an economy that works for everyone.
Various questions emerged from the debate around the white paper, including how the government will support science and innovation research, and how to drive growth and local inclusion across the country. These questions formed the basis of the all-day workshop on Innovation and the UK’s Industrial Strategy hosted by Birkbeck’s Centre for Innovation Management Research (CIMR) on 23 March 2018. The event brought together a group of policymakers, including Paul Drabwell, Deputy Director of Science Research & Innovation and Dr Rosa Fernandez, Economic Adviser on Local Business Growth at BEIS, industry experts such as Professor Birgitte Andersen, CEO of Big Innovation Centre, and renowned UK academics who travelled from Kent, Oxford and Sheffield to share their latest research and comparative perspectives on the Industrial Strategy.
The objective of the workshop was to explore the trends that led to the formulation of the Industrial Strategy, and the possible outcomes of implementing the Grand Challenges outlined in the white paper, focusing on innovation, collaboration, and local partnerships. While the workshop dealt with several topics, including the impact of Brexit on achieving the strategy’s outcomes, presented by Birkbeck’s Professor Klaus Nielsen, two key themes stood out: local, regional and national engagement to deliver on economic opportunities, and driving innovation through digital skills development.
Paul Drabwell opened the workshop by emphasising the government’s commitment to increase R&D spending to 2.4% of GDP by 2027. He said that the UK “has world-leading science research, excellent universities, and innovative companies,” and it is these strengths that will drive the implementation of the strategy. Increased R&D funding will enable UK universities to continue to excel in international league tables, collaborate more with industry partners, and encourage innovation across the country, a theme which runs throughout the Industrial Strategy. Despite the UK’s strengths, Paul Drabwell noted that there are issues around local engagement in the country, which means that there is a crucial need to drive productivity and maintain a high level of employment. This is a challenge the government hopes to resolve through the £1.7 billion Transforming Cities Fund to improve intra-city transport links and promote local growth within city regions. Dr Rosa Fernandez expanded on this point with a presentation on the role of place in the Industrial Strategy, highlighting that the UK government intends to build on local strengths to tackle the issue of poor distribution of economic activity across the country.
A key question at the workshop was the role of research and the UK’s academic institutions in delivering the possible outcomes of the Industrial Strategy. We heard from Dr Keith Smith at Imperial College London who discussed the need for multinational collaboration to deal with innovation challenges across different industries, and Birkbeck’s Professor Helen Lawton Smith who presented research on the importance of local enterprise partnerships (LEPs) in addressing the challenge of regional inequality in the country. Professor Jeremy Howells from the University of Kent and Professor Tim Vorley from the University of Sheffield focused their presentations on the potential for business schools to convene and work with other social science schools to create solutions for the challenges of productivity and job creation discussed in the white paper.
The takeaway from this workshop was that collaboration – from government, industry, universities, and local communities – is essential if we are to achieve the ambitious objectives of the Industrial Strategy, as well as greater investment in research and innovation to support skills development.
One notable example of such collaboration is the Institute of Coding (IoC), which was announced by Prime Minister Theresa May at the World Economic Forum 2018. Birkbeck is a partner in a consortium of over 60 universities, businesses such as IBM and Microsoft, and professional bodies, to tackle the digital skills gap in the UK through the IoC. By bringing together such diverse perspectives, the CIMR workshop stimulated debate and provided useful suggestions for how academics can work effectively with business leaders and the government to drive innovation in the UK through research collaboration and meaningful partnerships.
Many thanks to all who participated and attended the workshop.
Organisers: Professor Helen Lawton Smith, Professor Klaus Nielsen, Professor Jeremy Howells, and Dr Rupert Waters.
Further speakers:
- Professor Sharmistha Bagchi-Sen, State University of New York
- Professor Åsa Lindholm Dahlstrand, Lund University
- Dr Alexander Grous, London School of Economics and Political Science
- Dr Carl Hunter, CEO & Managing Director, Coltraco Ultrasonics Limited
- Professor Ewart Keep, SKOPE, Oxford University Skills
- Professor Slavo Radosevic, University College London
- Professor Roy Sandbach, Northumbria University
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