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Inventing our future Collective action for a sustainable economy

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Indicators linked to RES goals<br />

Enterprise<br />

What will success look like?<br />

Start-up rates increased to 60 per<br />

10,000 resident adults by 2031<br />

(around 12,000 more new businesses<br />

created each year than in 2004)<br />

Total entrepreneurship activity rates<br />

to 2031 that are:<br />

• higher than in 2008<br />

• above the UK average<br />

• female entrepreneurship rates<br />

closer to male rates than in 2008.<br />

An increase in the share of SMEs using<br />

external advice<br />

An increase in the proportion<br />

of the region’s SMEs that operate<br />

internationally<br />

Innovation<br />

An increased share of businesses that<br />

are innovation active<br />

An increased share of businesses that<br />

translate new ideas and research into<br />

new products, services and processes<br />

An internationally renowned science<br />

base and hi-tech clusters, reflected in<br />

European-leading levels of private<br />

sector R&D and venture capital<br />

investment<br />

Becoming the UK exemplar region <strong>for</strong><br />

open innovation and absorption of<br />

existing technologies<br />

Digital Economy<br />

Widespread access to the latest digital<br />

infrastructure <strong>for</strong> businesses and<br />

households<br />

129<br />

Regional/sub-regional core indicators<br />

VAT-registered start-ups per 10,000 resident<br />

adults xxxii<br />

Net change in number of VAT registered<br />

businesses (mid-year estimates)<br />

Total/female entrepreneurship activity<br />

People considering going into business<br />

(expecting to start a business in the next<br />

three years)<br />

Business Link penetration rates<br />

Share of businesses receiving external advice<br />

Exports (levels, year-on-year growth rates,<br />

per employee job)<br />

Value of <strong>for</strong>eign direct investment to the<br />

regional <strong>economy</strong><br />

Percentage of businesses with co-operation<br />

agreements, of which the percentage of<br />

businesses that have co-operation agreements<br />

within Europe and the rest of the world<br />

Percentage of businesses that are ‘innovation<br />

active’<br />

Patent applications to the UK Intellectual<br />

Property Office per million inhabitants<br />

Design applications filed and registered with<br />

the UK Intellectual Property Office per million<br />

inhabitants<br />

Business Enterprise Research and Development<br />

(BERD)<br />

BERD as a percentage of workplace-based GVA<br />

Amount of venture capital investment in the East<br />

of England and as a percentage of the UK total<br />

Percentage of businesses investing in machinery,<br />

equipment and software, linked to innovation<br />

activities<br />

Percentage of businesses investing in external<br />

knowledge, linked to innovation activities<br />

Availability of next-generation broadband<br />

services to premises in the region<br />

Proportion of premises connected to a<br />

LLU-enabled exchange<br />

Households able to receive cable modem<br />

broadband<br />

Average download speed achieved by<br />

broadband users in the region<br />

National indicators <strong>for</strong><br />

local area outcomes<br />

NI 171 New business registration<br />

rate<br />

xxxii RES monitoring will make use of new ONS statistics <strong>for</strong> business registrations from autumn<br />

2008. These statistics will also include businesses that are registered <strong>for</strong> PAYE but below the<br />

VAT registration threshold.

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