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Future strategies will need to be developed and implemented, in partnership with the Small Business Service/Business Link to create and sustain globally competitive knowledge sectors. Also, it is paramount that the number of high-performing and knowledge-based businesses in the east of the region be increased through indigenous creation or attraction from elsewhere.

SEEDA will need to ensure that a full suite of financial support is in place for SMEs, including possible new capital markets for knowledge-based start-ups. In many instances, the concentration of knowledge-based businesses is mainly an imported phenomenon, which has been brought about primarily by the influx of high-powered overseas firms.

In terms of supporting knowledge base businesses, the priority in some sub region will be to retain strategic and growing firms that contribute to current and future prosperity. The cost of property Organization is Depreciation Schedule, similar to the cost of any repairs to the apparatuses in the home.

Furthermore, with the exception of Ireland, the UK has the highest share among OECD nations of foreign-owned firms involved in some form of R&D within the host nation. It is unclear where the revenue from these activities is directed, or the nature of the R&D undertaken.

The key point of departure for any policies responses proactively encouraged to think and act beyond the current conventions of regeneration policy is to acknowledge it is no longer mainstream economic development practices, based on public sector pump-priming of either structural or hard infrastructure projects (usually at a standardised regional level) that are pushing forward the new growth geographic areas of the global economy.

The policy objective will be to create a region-wide fully business focused skills development programmes in within each of SEEDA’s Sector Groups. Clearly, a particular focus in policy terms will be to ensure better linking of need and opportunity to ensure, where possible, that the benefits of the high-value knowledge sectors are spread throughout the region.

The development of knowledge indicators is an important tool and a prerequisite for generating information and analysis that can be used to initiate a shift in mindset, paving the way for meaningful leadership 86 GLOBAL INDEX OF REGIONALKNOWLEDGE Initiate an engagement process–building and motivating a core team to lead a strategic planning process based on this baseline of facts-driven information about the region.