R&D collaboration between engineering businesses brings a wide range of benefits and takes many forms.
Large companies and innovative SMEs work together to help pull new technologies through to application, supporting growth across large and small companies.
The UK has a vibrant community of innovative SMEs, but so do many competitor countries. To remain competitive and attractive, support for SMEs must continue to improve, including through innovation support schemes and access to finance.
Collaboration across supply chains is important and can bring broader benefits for the UK economy. However, in some sectors, the UK supply chain has been hollowed out over recent decades.
Explainer: Collaboration between businesses (198.24 KB)