NESTA report on innovation-led growth

Plan I argues for a change of direction. It shows why fostering innovation must be a priority for the UK and for the government: why an environment where businesses have the confidence to invest is needed, where entrepreneurs are free to take risks, and barriers to new ideas and new entrants are low. It advocates anactive role for government addressing issues like access to finance and education, investing where the private sector will not, and using its power as a purchaser, regulator and funder to support innovators. And it argues that we have much to learn from how the most innovative countries around the world — including the US and Finland, Israel and Korea — have combined active government support with highlyentrepreneurial cultures.

• Executive summary: http://www.nesta.org.uk/library/documents/PlaniES.pdf
• Full document: http://www.nesta.org.uk/library/documents/PlanIwebv3.pdf