Date of Publication: Dec 15, 2020

Author: Catherine McCauley-Smith , Sue Smith , Liz Nantunda and Xiaoxian Zhu

Summary:

The roles universities are seen to play have changed significantly over the last 25 years. The concept of higher education has, and, continues to morph from a distanced, unengaged ivory tower to a highly engaged community-based concept. Yet there is little in the literature about how universities viewed as -˜anchor institutions’s support organisations. Further, there is an omission of specific detail about the impact of universities on SMEs; they are mentioned but only in broader terms. This empirical study is based on the results of a leadership and business development intervention for 50 UK SMEs. The intervention was facilitated and delivered by a North East University we recognise to be an -˜anchor institution’s. The study is longitudinal and embeds innovative composite measurement within a value creation framework with a specific focus on identifying how a North East anchored institution creates impact and value for SME owner-managers. Findings include leadership salience to SME owner-managers, increases in SME turnover and significant gross value added. This study contributes to understanding about what the role of a university, as an anchor institution, is in terms of role, SME impact and value creation, with potential for international application.

Link to Full Reading:

https://www.tandfonline.com/doi/full/10.1080/03075079.2020.1861593