The UK food and drink sector is set to boom beyond its current £79bn of sales, driven by opportunities including worldwide export of products.
Research And Development
Business secretary Greg Clark commits £15m worth of government backing to support the innovation of 125 British R&D projects.
During a visit to Jaguar Land Rover's Midlands engine plant, George Osborne revealed a £16.6m fund for the automotive company to lead a research and development effort that can lead to 200 local manufacturing jobs.
With a report on research funding claiming Britain has been "shackled" by under-investment in science, MPs have called for chancellor George Osborne to use this month’s spending review to raise investment in the sector.
A new £2m fund is aiming to help innovative companies innovate and get products to market – with some of the early recipients building out offerings in the space sector.
The main focus at this time of year in Edinburgh is usually on the comedians, actors and magicians at the Scottish capital’s annual festival. But another stunning performance has come from the bright entrepreneurial minds at the University of Edinburgh, which has seen a record number of companies being formed on campus in the last 12 months.
A £10m Internet of Things (IoT) competition has been launched by the British government, which plans to use the fund as a hook for UK businesses and cities to “revolutionise” the way the tech can be of benefit to the public.
Economists have long proposed many channels through which education may affect growth, but with the UK's universities being under threat from international rivals and global businesses starting to pick up speed, now might be time to start listening.
In 2014, Cambridge University advertised for a doctor of chocolate to study how and why the substance melted. Now the university is set to get a professor of Lego to develop methods for and understand the way children gain their life skills.
Chancellor George Osborne spoke of the importance of research and development during today's Autumn Statement, increasing R&D tax credits for SMEs to 230 per cent.
A bi-annual study of the business competitiveness of over 100 cities in ten countries around the world by KPMG has found that the UK is one of the most attractive countries to do business.
Brian Williamson suggests that the tax credits can help boost cashflow among innovative SMEs.