SMMT is urging government to recognise the importance of R&D investment in driving economic growth, calling for measures to incentivise funding and build a more balanced economy. The call comes as a new report, published by the Centre for Economics and Business Research (CEBR) and commissioned by SMMT, highlights that innovation is a key driver of productivity and growth, but that R&D spend is low in the UK compared to leading international markets.
Challenges for Coalition Government – CEBR report
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