State of UK Business 2024: Emerging Optimism
Our second annual survey of 1,500 business leaders reveals an emerging optimism for growth and a feeling that the UK is on a positive course. Learn more.
The Centre for Growth’s mission is to accelerate sustainable and inclusive economic growth in the UK by working with businesses, government, and wider society to identify and deliver breakthrough outcomes.
The UK economy has had a tumultuous few years—seeing the largest decline in GDP in 300 years and the upheaval of leaving a trading bloc after nearly five decades. Despite a middle-of-the-road economic recovery in international terms, the outlook for growth, productivity, and investment is forecast to be challenging in the short and medium term. We believe that, by building on the UK’s fundamental strengths in knowledge and R&D, location and connectivity, entrepreneurialism, and innovation, there’s an opportunity to rewrite that outlook.
The growth challenge facing the UK is not one the public or private sector can tackle alone. We therefore draw upon BCG’s global network of experts to develop actionable policy ideas, connect key decision-makers, and build coalitions for change.
Our second annual survey of 1,500 business leaders reveals an emerging optimism for growth and a feeling that the UK is on a positive course. Learn more.
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The impetus—and need—for progress has never been greater. The global economic landscape is shifting rapidly. The world’s largest economic blocs are positioning themselves for a very different type of economic competition. The old rules based international order and the path to increasing globalisation that have dominated the past three decades are being challenged with a renewed focus on economic security and a shift to a multipolar world.
It is in this context that the UK needs to consider how it can best achieve its aims and where it can best compete. Not doing so risks missing out on bringing investment, jobs, skills, and idea creation into the UK.
To tackle these challenges, unlock new opportunities, and propel economic growth, the Centre for Growth focuses on big shifts that:
These steps and initiatives are focused on a framework with the following two key pillars:
Within this framework, we take a bottom-up approach to how the UK economy can grow, focusing on the practical steps that can set the UK onto a better path based on our learnings from working with businesses and governments daily.
Raoul Ruparel
BCG has had a significant presence in the UK since 1970, working with leading companies across the breadth of the economy, supporting—and sparking—clients’ growth, helping them improve productivity, become bionic companies, reduce carbon emissions, and boost agility. It’s a collaboration that spurs innovation, enabling clients—and the UK—to thrive amidst environmental, societal, and industrial change.
At the Centre for Growth, we combine this expertise with the unique experience of our team—including people who have served as senior policymakers in the public sector and others who have spent decades working with private sector companies—to identify and deliver opportunities to energise UK growth.
To fully understand the UK business environment and help improve it, our work is centred around the following three key pillars, which are integrated across BCG’s core business in the UK: