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29 September 2011
Innovation is essential to driving growth. In the UK Innovation has accounted for 63 per cent of annual labour productivity growth since 2000, with investments in intangibles accounting for 23 per cent of productivity growth.And government plays an important role in driving the demand for innovation, through their purchasing and procurement, investment in R&D and providing the capital required in our innovative institutions. Most importantly, however, government can create the environment for growth by playing their part in generating demand for British goods, services and creative endeavours.
28 September 2011
Brussels has given the Treasury the go-ahead to expand the Enterprise Investment Scheme (EIS). By reducing the tax investors pay when backing high-risk companies, it’s designed to increase investment in them. The government argues the scheme will create more high growth firms: the seven per cent of firms who create half of all new jobs.
22 September 2011
On the day that Vince Cable declared to Liberal Democrat conference that the UK’s current economic situation should be likened to war,we were in the trenches of Birmingham fringe activityfor the first of ourevents at this year’s political party conferences.
20 September 2011
It would be heartening to think that the gloomy news about the economy and the labour market would stimulate some novel thinking and even some constructive collaboration among politicians.
15 September 2011
Out in the east of London something is starting to stir and there are great expectations it will become a saviour of the UK economy.
13 September 2011
A lot of companies find it very difficult to make money on the Internet, and last night the Big Innovation Centre hosted a thought-provoking event at Google on “how should we pay for the internet?”
Last night's Big Innovation Centre discussion featured a panel of industry leaders talking about the complexities of openness and the network economy.
Dr Jackie Parkin
12 September 2011
UK scientific research is world class and arguably world-beating. If that could be matched by a similar excellence in the innovation infrastructure, our potential to translate into products of significant value to society could be unleashed.
There is clearly an underlying assumption that R&D tax credits are effective. However, the hard evidence is not clear cut.
09 September 2011
Policy makers and business alike should be reading today’s research from Emma Smith at Birmingham University very carefully.
Professor Birgitte Andersen and Will Hutton
07 September 2011
The UK economy is seriously underperforming with two dangerous twin deficits – one the gap between public spending and revenue, the other between our visible exports and imports.
Professor Birgitte Andersen
06 September 2011
The first flush of the digital economy boom is over. The online economy has reached maturity, and the online world is as natural a habitat for business as bricks and mortar were for 20th century societies.
Dr Benjamin Reid, Senior Researcher
Some commentators have placed the blame for pharmaceutical giant Pfizer’s decision to close its research and development site at Sandwich in Kent on the rise of ‘open innovation’.