How much does the UK spend supporting its businesses?
Innovation Growth Lab, NESTA – 20th January, 2016. For many in the policy community, much of the past year was consumed thinking about the Spending Review, and how cuts would affect different areas of government. In the field of business support, despite being a lot less severe than expected, cuts did come – with the Department for Business, Innovation and Skills (BIS) seeing a 17% reduction in spending.
How will this affect businesses and innovation in the UK? How should the government target the cuts? In order to answer these questions, it is critical to understand how the British government supports its businesses and entrepreneurs, not just through BIS, but across departments. That is why at IGL we have conducted research to map how much public money goes to businesses and, crucially, through what type of programmes.
Published on 12th February 2016
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