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Innovation strategy to drive private sector investment in research, government says

A new innovation strategy seeks to boost private sector investment in the UK research sector, as the government works to meet its target of increasing investment in R&D to 2.4% of GDP by 2027.

The Department for Business, Energy and Industrial Strategy published the the 107-page blueprint on 21 July.

To achieve the aim of driving investment, the government will ask the new National Science and Technology Council (NSTC), with support from the Office for Science and Technology Strategy, to draw up “innovation missions” for the government and business to jointly pursue.