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Innovation


We want to make sure that Britain is the best place in the world to run an innovative business or service - this is critical to the UK's future prosperity, our quality of life and future job prospects

Innovation is the process by which new ideas are successfully exploited to create economic, social and environmental value.

Innovation is a key driver of economic growth.  BIS, the Department for Growth, supports and strengthens this process with the objective of making the UK the most attractive place in the world to start and invest in technology based businesses.  The Innovation and Research Strategy for Growth (December 2011) (PDF, 1.1 Mb)  sets out the Coalition Government's strategy for achieving this, building on an earlier Blueprint (November 2010) (PDF, 1.1 Mb) .  

The following pages show some of the practical support available for business innovation. See :

The nation’s progress on innovation is recorded in the Annual Innovation Report and further analysis is provided in the biannual UK Innovation Survey
(PDF, 375 Kb)
 

Minister responsible

David Willetts is the minister responsible for this policy area.


 

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R&D Tax Credits

  • The part Government support plays in Business’s decision making about undertaking R&D, has been investigated in research commissioned by HMRC and BIS. See the report, ‘Qualitative research into businesses’ Research and Development (R&D) decision-making processes’ prepared by Databuild Research and Solutions Ltd (August 2010) available here. Report number 101 .