Oral Answers to Questions
Debate between Owen Thompson and Lord Johnson of Marylebone
Tuesday 15th March 2016
Read Full debate Read Hansard Text Read Debate Ministerial Extracts
(8 years, 9 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Owen Thompson (Midlothian) (SNP)
A recent report from PricewaterhouseCoopers highlighted innovation as a key driver of growth across the global economy. It also found that UK companies were less innovative and less focused on innovation as a driver for growth than the global average. With UK gross domestic product growth revised down by OECD and the IMF, is it not time that the Minister paid greater attention to supporting innovation in our economy?
Joseph Johnson
Since 2010, the UK has risen from 14th to second place in the global innovation index, behind only Switzerland. We continue to support innovation in this country through Innovate UK and our expanding Catapult network.