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The (potential) impact of Brexit on UK SMEs : regional evidence and public policy implications

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Brown_RegionalStudies_Final_Version_14_03_19.pdf (360.8Kb)
Date
05/2019
Author
Brown, Ross Crawford
Linares Zegarra, Jose Manuel
Wilson, John Ogilvie Stephen
Keywords
Brexit
European Union
Entrepreneurship
Small and medium-sized enterprises (SMEs)
Uncertainty
Public policy
HD Industries. Land use. Labor
JN101 Great Britain
3rd-NDAS
Metadata
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Abstract
This paper examines the potential impact of Brexit on UK small and medium-sized enterprises (SMEs). Utilising a major longitudinal survey of UK SMEs, our analysis suggests that Brexit related concerns are escalating. Larger, export and import oriented SMEs are most concerned, as are those located in major urban and peripheral locations. Among SMEs with growth-related plans, many firms are scaling back on capital investment, innovation and (especially) exports. An appraisal of existing policy frameworks suggests that the devolved administrations seem better equipped to enact interventions in order to alleviate any negative effects arising from Brexit.
Citation
Brown , R C , Linares Zegarra , J M & Wilson , J O S 2019 , ' The (potential) impact of Brexit on UK SMEs : regional evidence and public policy implications ' , Regional Studies , vol. 53 , no. 5 , pp. 761-770 . https://doi.org/10.1080/00343404.2019.1597267
Publication
Regional Studies
Status
Peer reviewed
DOI
https://doi.org/10.1080/00343404.2019.1597267
ISSN
0034-3404
Type
Journal article
Rights
Copyright © 2019, Taylor & Francis This work is made available online in accordance with the publisher’s policies. This is the author created, accepted version manuscript following peer review and may differ slightly from the final published version. The final published version of this work is available at https://doi.org/10.1080/00343404.2019.1597267
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  • University of St Andrews Research
URI
http://hdl.handle.net/10023/20693

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