Technology and innovation are powerful engines of prosperity, inclusion and resilience that will drive radical benefits across society and support the UK’s economic recovery - from large-scale carbon reduction to developing a vaccine for COVID-19.
As the UK begins to build back better and reshape its role internationally, a dynamic innovation economy is essential – to foster prosperity, create high quality jobs, attract investment and compete globally.
The crisis has highlighted the best of British innovation and business dynamism, but for the positive impacts to be sustainable and engrained there are challenges to address. Many firms are struggling with lower cash reserves to invest in innovation and there is a growing concern about the impact of future regulation on the UK’s digital dynamism.
