Latest Public Sector News


More information for technological innovation – MPs

Increased funding and information for technology companies is needed to boost research in the UK, a new report from the select committee on science and technology states.

‘Bridging the valley of death: improving the commercialisation of research’ calls for Government to ensure sufficient capital is available for technology companies and recommends restoring R&D Scoreboard and the Bank of England monitoring on the availability of finance to SMEs to improve information.

The Technology Strategy Board (TSB) should produce a review of regulatory burdens on technology innovation and a roadmap of how regulator reform can be used to drive innovation, it adds.

The report stated: “The Government's ambition to increase innovation activity will depend on its willingness to engage and speculate in that activity. A key feature of that speculation should be leading the way by investing in small technology businesses through its procurement policy.

“The Government will need to upskill its staff on how to better exploit government procurement for this purpose; better utilise the NHS in driving biomedical advances and ensure centres of excellence, such as the Crick Institute, proactively engage with business.

“We also recommend a minister in HM Treasury be given responsibility for the delivery of procurement-driven benefits identified by the Department for Business, Innovation and Skills.”

Iain Gray, the chief executive of the Technology Strategy Board, responded: “We are pleased the Select Committee recognises the vital work the TSB is doing in promoting the commercialisation of research in the UK. The Committee acknowledges the need for a single innovation agency concentrating effort and ensuring coherence and consistency within the system.”

Tell us what you think – have your say below, or email us directly at [email protected]


There are no comments. Why not be the first?

Add your comment

public sector executive tv

more videos >

last word

Prevention: Investing for the future

Prevention: Investing for the future

Rob Whiteman, CEO at the Chartered Institute of Public Finance (CIPFA), discusses the benefits of long-term preventative investment. Rising demand, reducing resource – this has been the r more > more last word articles >

public sector focus

View all News


Peter Kyle MP: It’s time to say thank you this Public Service Day

21/06/2019Peter Kyle MP: It’s time to say thank you this Public Service Day

Taking time to say thank you is one of the hidden pillars of a society. Bei... more >
How community-led initiatives can help save the housing shortage

19/06/2019How community-led initiatives can help save the housing shortage

Tom Chance, director at the National Community Land Trust Network, argues t... more >


Artificial intelligence: the devil is in the data

17/12/2018Artificial intelligence: the devil is in the data

It’s no secret that the public sector and its service providers need ... more >