Why are we doing this?
Since 2008, the UK’s economic debate has largely been about short-term recovery. The argument has focused on which of the two options will end the recession: Plan A or Plan B, austerity or stimulus. But neither addresses the UK’s longer-term growth prospects – growth depends on innovation. In Plan I we argue for a change in direction, showing why fostering innovation must be a priority for the UK and for the government. We want to look beyond the short-term arguments about Plan A and Plan B and instead focus on what we are calling a Plan I to drive long-term, innovation-led growth.
What are we doing?
We are using Nesta’s wide-ranging and well-respected evidence and research to advocate for policy that fosters innovation. Based on what we know about how innovation works, we recommend policy changes and new approaches that we think would help the UK economy towards long-term sustainable growth.
We research the dynamics of innovation systems and innovation collaboration, as well as how the Government can support innovation, using learning from across the world. We are interested in the ways in which innovation contributes to UK competitiveness and in the importance of innovation to the UK’s future economy.
We also invite international thinkers and leaders in innovation to share their views and to work with us on exploring new approaches to innovation policy, and we share our learning in our publications of research and provocations.
Our Plan I campaign is the culmination of all of Nesta’s previous work on innovation and economic growth. It takes what we have learnt though our research in areas such as high growth firms, international innovation systems and cutting-edge technology to argue for change.
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Innovation accounted for 63 per cent of economic growth between 2000-2008