Covid-19 will be a catalyst for the next wave of entrepreneurship and innovation. The world will need to adapt, with speed and agility: innovative entrepreneurship, thinking outside of the box, will provide a greater range of options for generating the “new normal”. But the speed of response, and hence change, is vital. One of the boxes that previously has prevented many innovative changes to happen has been the fiscal environment. This is not a constraint peculiar to the UK, but some jurisdictions have made more effective attempts to encourage innovation and entrepreneurship than others. In this article we suggest ways in which the fiscal environment in the UK needs to change now, not at some time in the future, to ensure that one of the positives to come out of the pandemic is a vibrant, innovative and disruptive economy, where entrepreneurship is embraced and encouraged.
The article below is written by Dr Pete Hotten and me under the brand of out joint venture, aproposIP.The fiscal environment post Covid FINAL 191020