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Press Release

Innovation and research strategy for growth

8 December 2011

GuildHE today welcomed the publication of the Government's Innovation and Research Strategy.

GuildHE CEO, Andy Westwood, said:

“Today's strategy is very welcome indeed. It sets out the vital importance of innovation to the UK economy and a practical policy framework to make more of it happen. The approach rightly puts higher education and research at the centre of the UK's growth strategy and also sets out clear steps for further improving our innovation eco-system.

“We particularly support the emphasis on sectors such as the creative industries, agri-business, advanced manufacturing and aerospace and also the focus on access to finance, tax credits and public sector procurement. But perhaps most encouraging of all is that the strategy has embraced recent thinking and academic evidence of how open innovation increasingly takes place across organisations, sectors and borders and that the activities and interests of users and governments are vital. Crucially, the strategy also explains why innovation needs to happen across all sectors of the economy and in all parts of the UK.

“The strategy may not generate the same level of attention as the Chancellor's Autumn Statement last week, but it is potentially more significant. If this becomes the Government's central story of economic growth, then at last there may be a reason for optimism.”



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GuildHE

GuildHE

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