Report

Building the future economy: plan for action for UK business innovation

Business innovation is the commercially successful application of ideas. It leads to new or improved products, processes, services, and business models based on new ideas and technologies and, in penning the foreword for this report, CEO of Innovate UK Indro Mukerjee writes

“We are living in a time of challenge; a time of constant change; but also, a time of very significant opportunity. There’s the opportunity to help and improve the present and the opportunity to create the future. A future of prosperity, good health, respect for our planet and environment – and a future of fairness, diversity, and equality.”

Produced by InnovateUK – the UK’s Innovation Agency, this publication sets out how it will support business innovation in the UK between 2021 and 2025.

Focussing on five strategic theme areas: future economy, growth at scale, global opportunities, innovation ecosystem and government levers it also outlines the strong foundations that underpin the support they give for innovation.