Oral Answers to Questions

Debate between Lord Johnson of Marylebone and Owen Thompson

Tuesday 15th March 2016 Commons Chamber

[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.