Impact
Public Policy Benefits
This research project traces out the whole process from the small, entrepreneurial firms, to their opportunities and funding choices, and then examine how, when and where this process can lead to productivity growth. It explores the chain of events in great detail and cover the full range of investment opportunities and potential sources of finance. Such broad overview will provide great benefits for public policy-makers:
The project will directly contribute towards key elements of the UK government's economic agenda including Levelling up, and work with policy makers to help improve the future growth post-Covid-19 potential of SME population.
It will draw detailed conclusion about the precise nature and scale of potential public policy interventions that can support a higher rate of SME investment.
The research findings of the project will inform the design of new policies that will contribute towards higher rates of investment that increase productivity growth across the UK
Academic Beneficiaries
The research project will add significant new theoretical and empirical insight to the academic literature and fill in the significant gap in our knowledge of the financial position of UK SMEs. Following are the disciplines that will benefit from the research:
Entrepreneurship and small business scholars with an interest in barriers to growth and access to investment capital
Public policy economists with an interest in public policy interventions in capital markets
Finance scholars with an interest in capital markets and market failures
Micro economists with an interest in theories of investment and productivity growth and more generally theories of firm
Behavioral economists and finance scholars
