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Aiming high on R&D – Is the UK’s 2.4 % target achievable?
ONS figures published this week suggest that the UK spent 1.67 per cent of GDP on R&D in 2016 ranking the UK 11th in the EU. These latest figures put the UK well adrift of the ambitious target of 2.4 per cent R&D spending spelt out in the Industrial Strategy. So, is the 2.4 per… Read more
Turbulent Times – Business as Usual: 4.5 million jobs created or destroyed in 12 months!
As the tortuously complex process of the UK’s departure from the EU takes another twist, Britain’s economy presents us with a deceptively simple conundrum. Yes, we have had record headline jobs growth in recent years coupled with falling unemployment. There are, however, widespread concerns about the quality of those jobs caused by the growing ‘gig… Read more
How to skin a (R&D) cat.
Innovate UK recently launched a new loan scheme to support research and innovation in UK firms. This scheme – originally conceived in the austerity years – aims to provide an alternative way of supporting innovation alongside the UK’s innovation grants and tax credits. The new loans also suggest a subtle change in emphasis in UK… Read more