63% of the UK’s annual labour productivity growth 2000-08 was due to innovation.
Companies launching new products grow turnover by 10% in the following three years, compared to 5.8% for non-innovating firms.
Firms awarded with research grants grow their turnover and employment up to 28% faster than firms which did not receive grants.
The CBI campaigns tirelessly on behalf of our members so that business creates prosperity for all. Learn more about the work we do and the impact we are making on this issue.
CBI launches member consultation into R&D spend
Now is the time to innovate: the road to three percent
All parties adopt innovation targets
CBI submits evidence on EU funding for innovation
Planning for Brexit: safeguarding innovation
EU funding guaranteed to 2020
CBI responds to science and technology committee on 2.4% target
CBI 2018 Autumn Budget submission includes call to raise R&D spend to 3% GDP
Measures to boost R&D investment announced in 2018 Autumn Budget
CBI gives evidence to science and technology select committee
The UK can’t wait until 2053 for R&D spend to reach 2.4%
CBI welcomes R&D commitment and funding announcements
Driving R&D investment through the R&D tax credits system
CBI gives evidence on design of next EU funding programme for innovation
Select Committee echoes CBI priorities for R&D funding
People and prosperity: the business vision for the new government
Don’t wait, Innovate
CBI sets out business priorities for new ARPA research agency
Government establishes new high-risk, high-reward independent research agency
Clusters Think In - Innovation partnerships