Business incubation in challenging times

The UK has begun to create an environment in which starting a business is easier and more popular than before.

High-growth new firms drive productivity and employment, but the UK has had less success in growing those new firms. And the recession is likely to have a particularly severe impact on new and small businesses.

Business incubators provide mentoring, support services and advice, as well as a space in which incubated businesses can learn from each other and benefit from ‘clustering’ effects.
Incubators can act as an ‘anchor’ for an area, securing valuable skills and knowledge that can help that area gain a competitive advantage.

Published
November 2008

Author
NESTA

Report
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