5 July 2018

Update

MSB Business Insight Conference

CBI urges firms to ‘Be more magpie’. 

MSB Business Insight Conference

On 26 June, the CBI held its annual MSB Summit to explore the intelligence and capabilities needed to help growing businesses succeed in the current climate.

The CBI welcomed the Small Business Minister, Andrew Griffiths, to the conference where increasing productivity in mid-market businesses was the main topic of conversation. The Minister launched a new £8m fund aimed at supporting growing businesses to adopt tried and tested technologies and management techniques. The fund will be run in collaboration with Innovate UK and will help businesses, charities, trade associations and public-sector organisations experiment with new techniques to drive adoption amongst smaller firms.

Read the Small Business Minister, Andrew Griffiths’ speech here

Prior to the Minister’s speech, CBI Director-General, Carolyn Fairbairn, launched the CBI’s latest report Be more magpie, which sets out the five key steps to adopting technology successfully. The report, which had been produced with support from technology providers in CBI membership, outlines ‘Magpie’ firms as those that have a keen eye for spotting useful technologies and management techniques, and are quick to take innovations from other companies and embed them in their own. Carolyn also used the platform to underline why the business voice matters and should be listened to by government, particularly in the context of the Brexit negotiations.

Read Be more magpie here

The Summit also featured panel sessions and workshops focused on driving a sustainable, profitable growth through exporting, increasing productivity through an effective health and wellbeing strategy, adopting technology successfully and improving productivity and business reputation through employee engagement.

Going forward, the CBI will be continuing to support and encourage firms to adopt tried and tested, useful technologies and management techniques, in order to rise productivity levels across the entire UK.

For more information, please contact Felicity.Burch@cbiorg.uk