Presentation to CREME 18th Annual Ethnic Minority Business Conference. Professor Mark Hart

Making Diversity and Enterprise the LEPs’ Business: the data challenge!

Professor Mark Hart

Deputy Director, Enterprise Research Centre

mark.hart@aston.ac.uk

Developing Local Policy Agenda around Growth

• LEP SEPs and ESIFs submitted and funding allocated

• Growth Hubs – initial pathfinders; Wave 2 Cities (Lancaster University RGF Programme)

• BIS - Simplifying the Local Business Support Landscape - a guide for Cities and LEPs – 3 pilots: EM3 LEP; Northamptonshire LEP; Sheffield City Region LEP

Metrics

• Proportion of fast-growing firms (jobs) in the business population (2009-12)

• Net job creation ratios for 2011-12• 3-year survival rates of start-ups (2009-12)• Proportion of surviving start-ups that reach £1m T/O

(2009-12_• Proportion of existing £1-2m T/O businesses which

grow to £3m T/O (2009-12)

• Diversity Metrics – the sound of one hand clapping

GEM’s primary focus is on the study of three areas:

• To measure differences in entrepreneurial attitudes, activity and aspiration between countries

• To uncover factors which underpin these differences

• To identify policies that may enhance entrepreneurial activity

www.gemconsortium.org

Total Early-Stage Entrepreneurial Activity

TEA Rates by Gender

Trends in Female TEA Rates

Female/Male Ratio - TEA

TEA Rates – First Generation Immigrants

Points to Ponder

• Analysis of the LEP ‘entrepreneurial ecosystem’ continues within ERC

• Diversity metrics will lie at the core of this analysis – yet limitations with the data

• Will we ever get our data challenge resolved?

Contact us:

If you would like any more information about the ERC and any of its activities please contact the Director, Stephen Roper at stephen.roper@wbs.ac.uk or

the Deputy Director, Mark Hart at mark.hart@aston.ac.uk.

More details about the activities of the ERC and our latest events can be found at:

www.enterpriseresearch.ac.uk