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How can we improve productivity?

We need to increase innovation to improve productivity. That's the message laid out by the UK's innovation strategy. If innovation is key, and organisations are striving to maximise innovation in the workplace, then the space needs to suit the requirements of people and technology.

ISG's latest report, 'Space to innovate', reveals a link between built space and innovation, with our research showing that more appropriate space to innovate drives greater levels of innovation. Innovation which leads to more productivity, growth and nationwide prosperity. This is an area where construction and the built environment, in collaboration with forward-thinking partners, have a significant role to play – delivering innovative builds to support performance goals.

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How space to innovate can drive GDP growth in the UK

There is a well-known correlation between innovation, turnover, and productivity. A correlation recognised by numerous reports and the UK innovation strategy. However, there is a gap in our thinking. Space – the importance of suitable facilities and location – is the missing link in our formula for prosperity. Suitable space can unlock the UK’s economic potential, delivering industries with more sustainable, more productive, more competitive outcomes; more prosperity.

Not only can appropriate space drive resource efficiency, but it can also improve labour productivity for an organisation. Furthermore, if all organisations commit to refining or constructing appropriate spaces, ISG’s research shows a nationwide benefit, with UK GDP growth and wider prosperity for all.

Only the innovative few are on the right track. Is there a gap in your approach?

 

Space to innovate  - LinkedIn Live

LinkedIn Live

Join us on Thursday 13 June 10:00-10:20 (BST) as we launch ISG's latest report, 'Space to innovate', which reveals a link between built space and innovation.

Hear from our experts as they discuss the findings of the latest research and explore how space could be the missing link in our formula for prosperity.

Labour productivity formula and a formula for prosperity – what’s the difference? 

The labour productivity formula is a way for organisations to calculate their existing levels of productivity. It utilises measurements such as number of hours worked, volume of workers and job numbers to define the output per person in an organisation. Using the formula and understanding current labour productivity could be a useful exercise when evaluating space.

A formula for prosperity is a way for organisations to achieve their goals. The missing component: appropriate space to innovate, is at the core of this report. Improve production, be efficient, optimise resources, and make space more appropriate.  Explore specific sectors with our In Focus series. Gain expert analysis and insights, featuring commentary and interviews with industry leaders, clients, customers, and sector specialists. Register your interest above to receive the latest updates, and learn more about these sectors here:

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In Focus

Explore specific sectors with our In Focus series. Gain expert analysis and insights, featuring commentary and interviews with industry leaders, clients, customers, and sector specialists. Register your interest below to receive the latest updates, and learn more about these sectors here:

- Financial and professional services >

- Manufacturing and production >

- Education and public sector >

- Science and research >

- Technology, media and data >

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