Tag Archives: venture capital fund

British economic policy would benefit from more Olympic discipline

Bradley_Wiggins_2012This post is by Green Alliance director Matthew Spencer and independent energy consultant Paul Arwas, the authors of Green Alliance’s new pamphlet Nurturing UK cleantech enterprise which is published today . It appeared first on BusinessGreen

We now know that when the British Cycling team swept the medals board at the 2012 Olympics it wasn’t a lucky breakthrough, but the result of 15 years of steady funding and a long process of incremental improvement under the cool eye of its coach Sir David Brailsford.

The British economy has been underperforming for decades because of low levels of business innovation, but in contrast the policy response to this critical challenge has been fickle and changes almost every year. Ministers lurch between throwing money at breakthroughs like graphene and abandoning programmes that were set up by their predecessors.

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