Cleantech and renewables are expected to become two of the most important sectors of the economy according to a survey of UK business leaders, commissioned by the department for Business Innovation and Skills.
The new survey questioned business leaders from across eight sectors and found that nearly half (43 per cent) of those questioned believe that cleantech will grow at the fastest pace by 2020, followed by science and technology (20 per cent) and media and entertainment (15 per cent).
The survey highlights how the current economic climate presents new opportunities for new areas of the economy to thrive.
Combined with a growing awareness to find solutions for some of society’s greatest challenges – from tackling climate change to supporting an ageing population – investing now in innovative, high-growth areas will be essential for bolstering the UK economy once recovery kicks in.
Read more: Department for Innovation and Business Skills
www.ukba.co.uk
Showing posts with label business growth. Show all posts
Showing posts with label business growth. Show all posts
Wednesday, 9 September 2009
Friday, 14 August 2009
Service sector reports growth in July
Activity in the UK's services increased in July, according to data released by the Chartered Institute of Purchasing and Supply (CIPS) and Markit survey.
Just under 25% of service sector companies in Britain reported an increase in sales from the previous month, compared to only 16% that reported a downturn.
These figures have led to a balance of 53, the third consecutive month that the figure has been over 50. Anything over 50 equates to economic growth.
"While the improvement in the performance of the services industry has been remarkable in many respects, it should be noted that growth is from a low base and the recession has left companies with a high degree of excess resources," said Paul Smith, economist at Markit.
www.ukba.co.uk
Just under 25% of service sector companies in Britain reported an increase in sales from the previous month, compared to only 16% that reported a downturn.
These figures have led to a balance of 53, the third consecutive month that the figure has been over 50. Anything over 50 equates to economic growth.
"While the improvement in the performance of the services industry has been remarkable in many respects, it should be noted that growth is from a low base and the recession has left companies with a high degree of excess resources," said Paul Smith, economist at Markit.
www.ukba.co.uk
Sunday, 21 June 2009
The UK experienced its first growth in industrial output for more than a year in April
The economy grew by 0.1% in May and 0.2% in April after contracting 0.5% in March. The NIESR also reported that the output of the UK economy has fallen by 5% between the beginning of the recession in May 2008 and March this year.
Martin Weale, director of NIESR said that the recession had ended "as far as I can tell." He added, "There has been much less downward momentum than we expected."
Source: official figures released by the National Institute for Economic and Social Research (NIESR).
www.ukba.co.uk
Martin Weale, director of NIESR said that the recession had ended "as far as I can tell." He added, "There has been much less downward momentum than we expected."
Source: official figures released by the National Institute for Economic and Social Research (NIESR).
www.ukba.co.uk
Saturday, 13 June 2009
New review looks ahead to small business recovery
A review to examine if Government will need to intervene to help small and medium businesses access growth capital will be led by venture capital expert Christopher Rowlands.
The Growth Capital Review is one of the first measures to be taken forward from the Government's 'New Industry, New Jobs' strategic plan for Britain's recovery. The plan focuses on the resources our businesses need to prepare for the upturn and prioritises high growth firms being able to access the financing they need as opportunities emerge in a new, global economy.
The review will determine if any intervention, including a modern-day version of Industrial and Commercial Finance Corporation/3i, is required to ensure small and medium sized firms with good growth potential have access to the capital they need to take advantage of the upturn.
Business Secretary Lord Mandelson said:
"We have taken action to help businesses access short term finance to survive the global downturn, and to build our economic future.
"This review will identify if there is a role for Government in facilitating public and private investment to address gaps in the market.
"Our priority will be to ensure that high-growth businesses, which will be very important for the economy, are able to secure the capital they need."
The review will be supported by an advisory group which will seek views and input from a wide audience, including industry and government. It will report to Business Secretary ahead of the Pre-Budget Report.
Read more: http://nds.coi.gov.uk/Content/Detail.asp?ReleaseID=402586&NewsAreaID=2
www.ukba.co.uk
The Growth Capital Review is one of the first measures to be taken forward from the Government's 'New Industry, New Jobs' strategic plan for Britain's recovery. The plan focuses on the resources our businesses need to prepare for the upturn and prioritises high growth firms being able to access the financing they need as opportunities emerge in a new, global economy.
The review will determine if any intervention, including a modern-day version of Industrial and Commercial Finance Corporation/3i, is required to ensure small and medium sized firms with good growth potential have access to the capital they need to take advantage of the upturn.
Business Secretary Lord Mandelson said:
"We have taken action to help businesses access short term finance to survive the global downturn, and to build our economic future.
"This review will identify if there is a role for Government in facilitating public and private investment to address gaps in the market.
"Our priority will be to ensure that high-growth businesses, which will be very important for the economy, are able to secure the capital they need."
The review will be supported by an advisory group which will seek views and input from a wide audience, including industry and government. It will report to Business Secretary ahead of the Pre-Budget Report.
Read more: http://nds.coi.gov.uk/Content/Detail.asp?ReleaseID=402586&NewsAreaID=2
www.ukba.co.uk
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