‘Starting and scaling up business…in a period of recovery’

Monika Antal, YU Executive Manager

Last week, a request landed on our ‘virtual desk’, originating from the Department for Business, Energy and Industrial Strategy (BEIS) and linked to a series of economic recovery roundtables that are expected to inform the emergency budget announcement scheduled for the second week in July.

Given the challenging turnaround time, YU, together with our colleagues from the N8 Research Partnership, agreed to pool our respective ideas and produce a joint response. The topics where BEIS were seeking inputs, included: innovation, investment, net zero (carbon), levelling-up and (business) start-ups and scaleups. I was asked to contribute to the the start-up and scaleup theme, and was set the following exam questions:

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Innovation Deals

Dr Peter O’Brien, Executive Director

Tom Forth and Richard Jones’ recent report, ‘The Missing £4 Billion’, published by the innovation specialists, Nesta, presents in-depth analysis and a series of thought-provoking, yet practical, proposals on how to rebalance the current uneven geography of research and development (R&D) spending within the UK. The report is timely and has gained much attention, not least for the case the authors make for government to devolve 25 per cent of the planned uplift in R&D funding to nations, cities and regions. A stark statistic contained in the report is that large parts of the UK, including Yorkshire, are missing out on £4 billion a year in public R&D funding.  Add to that private investment, and the same regions are unable to access a further £8 billion per annum. Not insignificant sums when you consider the total investment that is needed to ‘level up’ the nations and regions.

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COVID-19 and beyond: understanding student expectations

Professor Roger Lewis, YU Associate

At this time of year prospective students gear up for university. Amidst the uncertainty, 2020 might be no exception despite some of the current thinking. What, in the current climate are students expecting in September? Anecdotal evidence suggests that ‘the student experience’ (i.e. ‘being at uni’) is the first thought of many. It’s always been a moot point as to how far their provider’s responsibility extends into that wider area so let’s focus on specifically educational provision. Last week’s 2020 HEPI/Advance HE Student Academic Experience Survey offers some initial insights at a time of the lockdown period.

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