How can reforms to procurement and regulation support increased innovation and business scale-ups? What are the most important challenges facing the Industrial Strategy sectors and frontier industries?
Background
The Industrial Strategy aims to spur national productivity growth, strengthen the UK’s economic security and resilience, and support the UK’s environmental and net zero transition. It aims to achieve this by increasing business investment in capital and innovation, attracting foreign investment, and increasing business dynamism in the IS-8 sectors.
These sectors contain the UK’s frontier industries that sit at the leading edge of innovation and have the greatest potential for future competitiveness and technological development. By prioritising these frontier industries, the strategy targets the parts of the economy most capable of driving innovation and supporting major transitions such as AI adoption and net zero.
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Research fields
Related UKRI funded projects
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ISCF Foundation Industries - baseline insights
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Why might this be relevant?
The project focuses on the innovation readiness of foundation industries, which aligns with the question about reforms to support increased innovation and business scale-ups.
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Procurement for Innovation: Developing a Framework for Continuous Innovation Diffusion and Knowledge Transfer through Integrative Procurement Systems
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Why might this be relevant?
The project addresses the challenges of innovation diffusion through integrative procurement systems, partially relevant to the question.
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BEIS Secondment to ISC 2020: Market Structures and the Industrial Strategy
PROPOSED SECONDMENT ACTIVITIES Activities and justification: - Provide expertise in industrial organization and macroeconomics to aid the BEIS Industrial Strategy Council research team. - Develop academic research towa...
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Why might this be relevant?
The project focuses on market structures and the industrial strategy, not directly addressing the question about reforms to support increased innovation and business scale-ups.