Small firms, R&D, technology and innovation in the UK: a literature review

The importance of small and medium-sized enterprises (SMEs) in economic growth has made them a central element in much recent policymaking. Of particular interest have been policies designed to promote and facilitate the operation of the innovation process within SMEs, and there has been substantial expansion of this kind of effort. Despite this interest, the knowledge base about how SMEs actually undertake innovative activities remains limited....