Innovation Spending Grows In UK

Business organisation CBI welcomed the findings of the government's R&D Scoreboard, calling it "excellent news". "For our businesses to remain competitive in an increasingly globalised economy, it is essential they invest in R&D, skills, software, intellectual property and design," CBI director general Richard Lambert said. He added that the UK government needed to become "more ambitious in its use of public procurement and police strategy to stimulate investment and create new markets for innovation in the UK". The report, published by the Department for Innovation, Universities and Skills in collaboration with the Department for Business, Enterprise and Regulatory Reform, showed that the UK's 75 biggest firms increased their R&D spending faster than the global average of 10%. ... http://news.bbc.co.uk/2/hi/business/7090456.stm

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