Are you ready to seize the moment?
Innovation and technology are powerful engines of prosperity, inclusion and resilience that will drive radical benefits across society – like supporting the race to net-zero, and fostering healthier lives and higher value jobs. From the transformative effects of AI through to the export opportunities from fintech, innovation is a cornerstone of a powerful 2030 economy.
By developing a new programme for innovation, we can enable and strengthen partnerships among businesses of all sizes
By working with the CBI and our partners at DCMS, FSB and Which?, firms can help consumers and businesses alike see the benefits of better digital connectivity
The new Help to Grow scheme, and the sharing of best practice, will boost the uptake of innovation and technology across the whole UK
Match OECD levels of investment, so that we lead the world in the quality of research.
Build on the National Data Strategy and develop strengths in AI, regulation and digital connectivity.
Strive to boost digital intensity and digital adoption across all businesses, but with particular focus on small and medium sized firms.
And step-up export growth in areas where the UK has a real competitive advantage, such as fintech and genomics.
Announce this as part of the Innovation Strategy to be published this summer and then, in this year’s Spending Review, set out the spending profile on R&D to reach £22bn by 2024-25.
Based on a principle of partnership with the private sector.
And deliver the legislative change needed to do this in 2021.