The UK Government has a stated ambition to be ‘the world’s most innovative economy’ and has been supporting growth and innovation with the R&D Tax Credit scheme since 2000. However, when just 42,000 of the UK’s SMEs made any claim last year, and a significant proportion of companies are systematically underclaiming, what has to change to embed the Innovation Cycle within UK business?
Adam Kene, Managing Director, Kene Partners, shares a vision of a UK business climate that celebrates and rewards innovation at every level.
What is innovation and how can businesses foster it?