Innovation investment rises in light of Brexit

Posted on 21 Nov 2016 by Jonny Williamson

A CBI survey of more than 800 businesses - supported by Deloitte and Hays - shows that 70% of respondents are planning to increase or maintain their innovation spending following the vote to leave the EU, with just 7% looking to reduce investment.

Last year business invested almost £21bn on innovation, allowing British firms to develop cutting-edge products and services, attract global investment and expand internationally.
The CBI’s submission to the Autumn Statement (Nov 23) sets out a number of key requests to the government to lift UK innovation. 

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However, the challenge for businesses, according…

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