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Business Schools Delivering Value to Local and Regional Economies

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Business Schools Delivering Value to Local and Regional Economies BUSINESS SCHOOLS DELIVERING VALUE TO LOCAL AND REGIONAL ECONOMIES September, 2016 Chartered Association of Business Schools, September 2016 CONTENTS page Forewords ............................................................................................................................................................................................................................................................01 Introduction ..................................................................................................................................................................................................................................................... 02 Chapter 1: Driving Regional Growth ........................................................................................................................................................................................... 05 1.1 Entrepreneurship ............................................................................................................................................................................................................................ 05 1.2 Regional Growth Programmes .............................................................................................................................................................................................. 08 1.3 Working with Large Businesses and their Supply Chains ..................................................................................................................................... 11 Chapter 2: Developing Business Support Infrastructure .......................................................................................................................................... 13 2.1 Background to the Development of the Growth Hubs ............................................................................................................................................ 18 2.2 Regional Institutes and Initiatives .......................................................................................................................................................................................... 20 Chapter 3: Engaging Small and Medium-sized Enterprises (SMEs) ................................................................................................................. 22 3.1 Chartered ABS and the Small Business Charter ............................................................................................................................................................. 23 3.2 Small Business Charter Growth Vouchers ......................................................................................................................................................................... 25 3.3 Innovation Vouchers ....................................................................................................................................................................................................................... 26 Chapter 4: Promoting Sustainability, Health, Social Development and Interdisciplinary Work ............................................ 30 4.1 Public Value .......................................................................................................................................................................................................................................... 30 4.2 Social Enterprise ................................................................................................................................................................................................................................ 32 4.3 Tourism .................................................................................................................................................................................................................................................... 33 4.4 Food .......................................................................................................................................................................................................................................................... 34 4.5 Health....................................................................................................................................................................................................................................................... 35 4.6 Sustainability and Energy ............................................................................................................................................................................................................ 36 4.7 Interdisciplinary Work .................................................................................................................................................................................................................... 38 Chapter 5: Nurturing Talent ................................................................................................................................................................................................................ 40 5.1 Students, Placements, Projects and Internships............................................................................................................................................................ 40 5.2 Engaging Students .......................................................................................................................................................................................................................... 42 5.3 Knowledge Transfer Partnerships (KTP) .............................................................................................................................................................................. 43 5.4 Student Entrepreneurship .......................................................................................................................................................................................................... 43 5.5 The Chartered Manager Degree Apprenticeship (CMDA) ...................................................................................................................................... 45 Chapter 6: Leading Skills Development ................................................................................................................................................................................... 47 6.1 Executive Education and Training .......................................................................................................................................................................................... 48 6.2 Bespoke and Innovative Programmes................................................................................................................................................................................. 49 6.3 Work-Based Learning ..................................................................................................................................................................................................................... 51 Recommendations ...................................................................................................................................................................................................................................... 52 Acknowledgements ................................................................................................................................................................................................................................... 53 Appendices ......................................................................................................................................................................54 Appendix A....................................................................................................................................................................................................................................................54 Appendix B ....................................................................................................................................................................................................................................................56 Appendix C ....................................................................................................................................................................................................................................................57 About the Chartered Association of Business Schools We are the voice of the UK’s business and management education sector. We support our members to maintain world- class standards of teaching and research, and help shape policy and create opportunities through dialogue with business and government. The UK’s business and management education sector represents nearly 1 in 5 university students and contributes £3.25b to the UK economy. Its management students go on to lead global businesses and its entrepreneurs contribute to our dynamic economy. Its research has an impact across society and helps to turn our capacity for invention into viable businesses. Our members consist of 120 business schools and higher education providers, as well as affiliate stakeholders, corporate members and international partners. Business schools: delivering value to local and regional economies Page 1 FOREWORD The UK has some of the best business schools in
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