CBI: UK must get better at commercialising research

14 Mar 2017 02:05 PM

The CBI has responded to a report from the Science and Technology Committee

Felicity Burch, CBI Head of Digital and Innovation, said:

“The UK lags behind competitors on R&D spending, so the Committee hits the right note in their call for more investment. In this, the private sector and Government both have a major role to play.

“Collaboration between businesses and universities can help the UK make a better job of not just delivering ground-breaking research here, but also commercialising those products.

“Making this a reality is a complex task and so the Committee rightly highlights the value of the R&D tax credit and grants to business.”