How can regulatory reforms support increased innovation and business scale-ups?
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.
Next steps
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Research fields
Related UKRI funded projects
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Foundation Industries Ventures (FIVe) S&IN
The Foundation Industries (FIs) metals, glass, ceramics, cement, chemicals, and paper are vital to the UK manufacturing and construction sectors. Approximately 75% of the materials we see around us have been made by one ...
Funded by: Innovate UK
Lead research organisation: GLASS FUTURES LTD
Why might this be relevant?
The project focuses on accelerating innovation pathways and supporting business scale-ups in the Foundation Industries, aligning with the goal of increasing innovation and business scale-ups.
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Mapping the production, diffusion and drivers of future technologies
We propose to map and track the state of technological change in the UK, understand its drivers, impacts and help to improve the UK's productivity record via our collaboration and engagement with industry and policymaker...
Funded by: SPF
Lead research organisation: University of Warwick
Why might this be relevant?
The project maps and tracks future technologies in the UK, which partially addresses the question by focusing on technological change and its impact on productivity.
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Advanced Regulatory Innovation EcoSystem (ARIES)
The Advanced Regulatory Innovation Ecosystem (ARIES) project aims to develop an AI-based digital platform that supports regulators in collaborating more effectively within their organisational boundaries, across differen...
Funded by: Innovate UK
Lead research organisation: IDEAONOMY LTD
Why might this be relevant?
The project aims to develop a digital platform to enhance regulatory collaboration and alignment with industry practices, partially addressing the question of regulatory reforms supporting innovation and business scale-ups.