Kingston University - Out with the old, in with the new

Taxpayers' money should be used to stimulate innovation rather than bailing out dying industries, according to a Kingston University report for the Department for Business, Innovation and Skills. An overhaul of the bankruptcy laws, the creation of a British equivalent of California's Silicon Valley and encouragement for previously unconnected industries and trades to work together were among the recommendations of the report, Business Strategies and Performance during Difficult Economic Conditions. A team led by Robert Blackburn, director of research at the Faculty of Business and Law at Kingston, analysed academic studies, news articles and business publications on the credit crunch for the study, as well as consulting a think-tank of nine British business gurus.

See: www.berr.gov.uk/files/file51879.doc.