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Small firm policy in the U.K.

Authors
Journal
Technovation
0166-4972
Publisher
Elsevier
Publication Date
Volume
7
Issue
3
Identifiers
DOI: 10.1016/0166-4972(88)90022-3

Abstract

Abstract Public policy emphasis in the U.K. has moved to favour small firms, and towards creating a healthy and stimulating environment rather than trying to influence directly the rate and direction of industrial and technological change. Different types of policy initiatives have been tried with varying degrees of success: the DTl schemes were amalgamated into the “Support for Business” programme, concerned with advice, innovation, investment and exports. Though specific technologies are being identified for support, and the MoD has increased its direct support for small firms, the authors argue that the U.K. Government's policies are piecemeal and luck true coherence as evidenced by the failure of innovation policies to redress the regional imbalances.

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