Innovation Nation: Placing innovation at the heart of the UK’s economic rebuild

We have seen a lot of focus on how the UK can build back better from Covid-19, and recover in a way that is sustainable in the long-term. The only way to truly achieve this is to ensure a real and practical application of innovation to create prosperity and value. The development of AI is no different.
 
But before we can talk about this more widely, GovGrant's independent research showed we need to go right back to basics. The government supports innovation with schemes that are baked into the Budget, but there are three main issues that need addressing if these are to work properly:
• Businesses are seeing the schemes as a tick box exercise  
• Confusion around what constitutes innovation  
• Businesses are not commercialising their IP properly
 
The importance of innovation for the future of the UK cannot be overstated, and these issues are easy to fix with the right help. GovGrant understands the key factors driving strategic decision making around innovation. For further insights, read the report here.

Innovation Nation: Placing innovation at the heart of the UK’s economic rebuild