Now is the time to innovate – CBI calls for UK target – 3% of GDP spent on R&D

“There has never been a time when the need for more investment in UK businesses has been more critical. A long-term strategy to bolster total spend on R&D to 3% of GDP would send an important signal about the intention of UK businesses in a post-Brexit world, and help stimulate economic growth.

There is unquestionable evidence that:

• innovation boosts productivity and attracts inward investment;
• innovative companies are more likely to export;
• businesses developing new products create more jobs and grow turnover more quickly than non-innovating firms;”

John Leach

Full Article link : Now is the time to innovate (Dated 30th March 2017)