UK Innovation Report – Benchmarking the UK’s industrial and innovation performance in a global context

Here is a very welcome report looking at the UK’s industrial Innovation performance, and bringing together several different data sources in a readable form.

The UK faces significant challenges as it seeks to return to sustained and inclusive growth following the deepest economic recession since the Second World War. While the UK’s expenditure on innovation has historically been lower than some of its closest competitor countries, the government has committed to boosting investment in R&D to 2.4% of GDP by 2027 and to increasing public funding for R&D to £22 billion per year by 2024–25.

To help advance the debate in this area, this report provides a review of the UK’s industrial and innovation performance in a global context, drawing upon the latest available international indicators. A distinctive feature of this report is that it brings together, in a single place, innovation and value added indicators typically found in disparate sources and presented independently. Rather than producing a voluminous report, the intention is to present a concise selection of the most important indicators, in a format that is easily accessible to a wider audience.

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