Management Skills Gap Report Launched
PNE Group are pleased to announce the publication of our latest industry report, Unlocking the North East Productivity Puzzle: Are Managers the Solution?.
The report explores the current productivity challenges the North East faces, demonstrating a correlation between the management skills gap faced by the region and the productivity of its SMEs, and providing recommendations for solutions.
The full report is available for download below.
Key data includes:
- Between 2005 and 2015, growth in GVA per head across the North East Local Enterprise Partnership region (which encompasses County Durham, Gateshead, Newcastle, North Tyneside, Northumberland, South Tyneside and Sunderland) was at 22% – nine percent below the national average of 31%.
- The North East is currently facing a deficit of experienced management, with 40% of management teams holding no previous experience of growing a business prior to the one they currently work in.
- The perceived lack of support provided by management teams across the region directly impacts the confidence of the region’s entrepreneurs and business owners, with 47% of SME owners in the region reporting a belief that their businesses wouldn’t survive for a week without them.
Commenting in the report, Tracey Moore, Executive Director of PNE Group, said: “At PNE Group, we have spent the last 38 years supporting businesses in the region, helping over 10,000 business to start-up. The North East economy, however, is facing challenges which need to be addressed; one of the most important being a widening productivity deficit in relation to the rest of the UK.”