April 2019
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The seminar was timed as the Government finalised the findings from its review into UK business productivity as part of the Industrial Strategy and following the Budget announcement of the expansion of the National Productivity Investment Fund.
Delegates discussed what is needed from investment policy to effectively target support to critical areas such as housing, transport, digital infrastructure and R&D.
We also saw discussion on tailoring local industrial strategies to increasing productivity levels across different regions of the UK through initiatives such as business support hubs, and focused support for high-value entrepreneurs and start-ups.
The conference provided an opportunity to consider the impact of new forms of technology and what can be done to help businesses take advantage of innovation in areas such as artificial intelligence, data analytics and telecoms.
Sessions brought out latest thinking on the role of innovation in technology as a driver of productivity and efficiency, as the Government announced the Business Basics Fund to enable SMEs to adopt new technologies.
The agenda included discussion on raising firm-level productivity, and in particular how employers can develop the skills and support the training for business - including improving leadership and management within organisations.
Delegates also assessed how the introduction of the new generation of Higher T-level technical qualifications at level 4 and 5 might best be implemented to address the UK’s skills shortages and considered strategies to improve access to and increase the uptake of STEM skills.
