Productivity institute to help boost growth and drive wage-growth published by UK Research and Innovation (8/2020).
“A targeted research institute will help solve the UK’s productivity puzzle to boost wage growth and drive up living standards.
The £32m Productivity Institute and a complementary £5m research programme, both funded by the Economic and Social Research Council, part of UK Research and Innovation, will advance knowledge and inform significant decisions by policy makers and business leaders to increase productivity.
Science Minister Amanda Solloway said:
“Improving productivity is central to driving forward our long-term economic recovery and ensuring that we level up wages and living standards across every part of the UK.
“The new Productivity Institute and LSE’s innovative research will bring together the very best of our researchers, boosting our understanding of the different drivers of productivity and helping people and businesses earn more in every area of our economy.”
The Productivity Institute is headquartered at the Alliance Manchester Business School at the University of Manchester and will be led by Professor Bart van Ark. Alongside the institute, the Programme on Innovation and Diffusion (POID), is also being funded, based at the London School of Economics (LSE) and led by world-leading economist Professor John Van Reenen…”
