Industrial and Innovation Policy for the Medium to Long-Term

Alan Hughes, Judge Business School , University of Cambridge

In this seminar I will draw on recent work with Nick Crafts to review the market failure and systems failure rationales for industrial policy and assesses the evidence on past experience of industrial policy in the UK. In the light of this, it reviews options for reshaping the design and delivery of industrial policy towards UK manufacturing. These options are intended to encourage a medium- to long-term perspective across government departments and to integrate science, innovation and industrial policy.

About the speaker
Alan Hughes is Margaret Thatcher Professor of Enterprise Studies (Emeritus) at the Judge Business School and a Life Fellow of Sidney Sussex College at the University of Cambridge where he is also Director of the UK Innovation Research Centre (UK~IRC) (, a joint venture with Imperial College London and a Senior Research Associate of the Centre for Business Research ( of which he was Director from 1994-2013. He has acted as an adviser on innovation policy in Europe and Australia and to major international organisations and been invited to lecture on innovation policy in the US, India, China, Japan, Australia, New Zealand and Europe. He was for ten years from 2004 a member of the UK Prime Minister’s Council for Science and Technology (CST) which is the UK’s senior policy advisory body in this area. He was a member of the Lead Expert Group of the Foresight Future of Manufacturing Project whose final report was published in December 2013 ( He is a member of the Strategic Advisory Network of the EPSRC and of the Patents Expert Advisory Group of the Intellectual Property Office. His research interests include corporate governance; takeovers; the financing of growth in small and medium-sized enterprises (SMEs); SME support policy and the commercialisation of science and science & innovation policy.

Venue: TS53, room A0.23

Date: 26 February 2014

Time: 12:00 - 13:30  CEST