The Impact of Standards
New independent research into the contribution of standards to the UK economy has just been published. It finds that standards boost UK productivity and improve performance, kick-start innovation, and support UK domestic and international trade.
According to the research, reported by BSI:
- 37.4% of UK productivity growth can be attributed to standards
- 28.4% of annual UK GDP growth can be attributed to standards, equivalent to £8.2 billion
- £6.1 billion of additional UK exports can be attributed to standards annually
Do you agree with these stats?
How are standards helping your business?