Understanding the UK’s ‘economic backbone’

Professor Mark Hart is Deputy Director of the Enterprise Research Centre and Professor of Small Business and Entrepreneurship at Aston Business School.

Professor Mark Hart

Since the financial crisis of 2008, the UK economy has shifted quite significantly to one that relies less on state spending to provide jobs and growth, and which instead puts its faith in enterprise as the engine of prosperity.

While that overall strategy may be uncontroversial, what’s been surprising until recently is the lack of robust research evidence on the drivers that enable those who start and run small to medium sized enterprises (SMEs) to thrive – growing turnover and employment and ultimately boosting our national economic performance.

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