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.
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
Have your say
With government committing to raise R&D spending to 2.4% of GDP by 2027, the CBI is investigating how government can support growth in business investment throughout the UK’s regions and nations. Share your views.