The UK Government wants to build stronger trade links with other countries, both in Europe and further afield. UK-based businesses want to grow export revenues and secure overseas investors. Some businesses struggle to do this for example because they do not know which countries are suitable for expansion or do not understand data regulations in target countries.
This project will perform research both in the UK and other European countries to understand and help businesses overcome these issues. Its outputs may include research on barriers in the current national and international data infrastructure that are hindering scale, lessons learned from data-enabled businesses that have successfully scaled internationally, and recommendations on what data assets are required to help businesses know where to expand.
It will also help to build peer networks between the UK and other potential trading partners. To achieve maximum impact and value for money, the ODI will work with BEIS, DIT, FCO, DFID, DExEU, DCMS and other government departments in the UK and abroad, as well as other government-funded organisations such as the Digital Catapult.
This work is part of a three-year innovation programme, running to March 2020 with a funding profile of £2m each year from Innovate UK, the UK’s innovation agency.
The work will enable the UK to build on its established strengths in data and data analytics, break new ground in creating value from data across industry, and ensure that the UK remains at the forefront of data innovation globally.