Announced today (Thursday 16th June) by Rachel Reeves, Labour’s Shadow Chancellor of the Exchequer, the start-up review will explore why some high-potential firms in the UK struggle to thrive in one of the most innovative countries in the world; and how we can ensure start-ups continue to boost jobs, investment and economic growth.
The review will look at:
- What can be done to ensure new and growing businesses have access to the right sort of capital;
- What the incentives are for growing businesses in the UK compared to other countries;
- Whether our universities have the right skills, structures and incentives to allow them to successfully spin out innovative businesses;
- How to ensure a better geographical distribution of start-ups across the country.
Amid the complicated challenges that we face right now, there are answers to be found amongst innovative people. That’s why I’m delighted to be part of this review. Supporting skills to innovate and finding entrepreneurial solutions to problems for our society and economy has never been more important.” – Julie Devonshire OBE
Other panel members include former Treasury minister and founder of Northern Gritstone, Lord Jim O’Neill; the CEO of Resi, Alex Depledge; and Co-Founder of Extend Ventures, Tom Adeyoola.
The review builds on the work already being done by the Entrepreneurship Institute to support the King’s community to launch and develop their own business ideas, innovations and entrepreneurial skills.
Earlier this year, ahead of International Women’s Day 2022, the Leader of the Labour Party, Sir Keir Starmer MP visited the Entrepreneurship Institute, alongside Rachel Reeves to meet some of the female entrepreneurs accessing support through the Women Entrepreneurs Network.
The first meeting of the panel is expected to be in July, with the publication of a review in Autumn 2022.