Building Blocks: Our vision for securing Britain's entrepreneurial future

Britain is a great place to be an entrepreneur – with many of the world’s most successful founders calling it home. The startups they have launched make a vital contribution to the economy, providing jobs, tax revenue, innovative goods and services and more. But there is a palpable sense that we could be doing so much better. Productivity has plateaued for far too long, causing living standards to stagnate, and evidence suggests the pace of innovation has slowed.

In Building Blocks, we set out our vision statement to secure Britain’s economic future – arguing that focusing on getting the basics right first is the best way policymakers can support entrepreneurs.

Neurodiverse founders

Neurodiverse individuals are found in all parts of the economy, and the entrepreneurial community is no exception. Though awareness of neurodiversity is steadily increasing, that doesn’t necessarily mean it’s properly understood. 

In partnership with Barclays Eagle Labs, we surveyed neurodiverse founders to better understand various questions about being an entrepreneur with neurodiversity. We found that many neurodiverse founders think their neurodiversity gives them an advantage, and while challenges definitely exist, there’s reason to be optimistic that progress is slowly but surely being made.

Entrepreneurs Unwrapped

Understanding how Britain thinks about entrepreneurship is vital if we are to build a society which enables and encourages more people to launch a business. In Entrepreneurs Unwrapped, kindly supported by American Express, we sought to do exactly that.

By surveying both those who have never started a business and current founders, we painted a picture of what Britain really thinks about entrepreneurs and entrepreneurship, and revealed where similarities and contrasts can be drawn between the two groups.

Blueprint for a New Great Exhibition

Exhibitions of industry have a long and successful history of being used by policymakers to showcase and inspire innovation. Recent attempts to replicate such exhibitions, however, have not always lived up to their goals – and have been far removed from the momentous success of events such as the Great Exhibition of 1851. 

In Blueprint for a New Great Exhibition, Dr Anton Howes explains the background of exhibitions of industry, and how we might feasibly and successfully organise a new one for the modern day, to display and encourage future innovation. 

Honours for Innovators

Raising invention’s status and prestige was crucial to how Britain first got its reputation during the Industrial Revolution as the best place to innovate. Invention came to be seen as a viable and attractive career path, not just financially but in terms of the social standing that could result from it – something that was purposefully cultivated by those seeking to improve the country’s technological prospects.

In Honours for Innovators, authored by Anton Howes and Ned Donovan, the case is made for establishing a new order of chivalry, specifically designed to encourage invention and raise the status of being an innovator in the eyes of the public. The paper sets out the details of how the order might be organised, how its recipients might be chosen, and the costs of setting up and running the order.

Fixing Copyright

Unlike other intellectual property rights, copyrighted works enjoy extraordinary privileges, and the advent of recent technological changes is now making it significantly easier for rightsholders to identify infringers and threaten them with prosecution. 

In Fixing Copyright, Anton Howes explains how the current copyright regime could have a chilling effect on the encouragement of creative work, and entrepreneurship more generally. He makes a series of recommendations which would strike a better balance between protecting individuals’ work while ensuring that creative freedoms prevail.

Future Founders

In Future Founders, we set out to understand how young people think about entrepreneurship. Through polling of 14-25 year olds, we gained an insight into the aspirations, intentions, and motivations of the next generation of potential entrepreneurs. We found that over half have thought about, or already have, started a business – and only 15% said they had no intention of starting one. We also found that respondents who have a friend or family member who have started a business are more likely to do the same – suggesting that exposure to entrepreneurship is infectious. 

The results of our polling allow us to conclude that the ability to solve social problems might be a more persuasive reason to start a business than getting rich quickly, that more needs to be done to promote relatable entrepreneurial role models, and that simply not knowing where to start remains the single biggest barrier to founding a business.