The government innovation strategy released today marks an important step in ensuring innovation plays its full part in addressing the biggest challenges facing society such as decarbonisation, levelling up and health.
We are pleased to see the scale of ambition and the focus on unleashing business innovation and investment. Business will particularly welcome the government’s recommitment to growing investment in R&D, illustrating the importance of fuelling our science superpower ambitions. To read our full summary of business priorities for the strategy please click here.
We look forward to working alongside members and government to translate this strategy into reality, which results in the UK being a thriving and world-leading innovation economy.
This article sets out our analysis of the main announcements and we invite members to reflect on their reactions to the innovation strategy; Please share your views here
Key takeaways for business included;
- A recommitment to increase annual public investment on R&D to a record £22 billion
- The i