Policy paper

UK Innovation Strategy: leading the future by creating it

This strategy sets our ambitions for an innovation-led economy.

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Increasing innovation will enhance productivity across the economy, and in turn bring jobs, growth and prosperity to all parts of the UK. We need the whole system of businesses, government, R&D-performing organisations, finance providers, funders and others to come together to achieve our innovation ambitions.

This strategy focuses on how we support businesses innovate by making the most of the UK’s research, development and innovation system.

Our vision is for the UK to be a global hub for innovation. In this strategy we set out our plans against 4 key pillars, which will support the achievement of that vision:

  • Pillar 1: Unleashing business – we will fuel businesses who want to innovate
  • Pillar 2: People - we will make the UK the most exciting place for innovation talent
  • Pillar 3: Institutions and places - we will ensure our research, development and innovation institutions serve the needs of businesses and places across the UK
  • Pillar 4: Missions and technologies – we will stimulate innovation to tackle major challenges faced by the UK and the world and drive capability in key technologies

Through these pillars, the strategy aims to both establish the right underlying policy environment and clearly signal those areas where government will take the lead.

Published 22 July 2021