Technology- and knowledge-based services are an increasingly important part of the UK economy. But there is limited support for companies that offer services to engage in R&D and innovation, including in engineering.
Most support mechanisms, such as grant funding, have largely been designed to support product-based companies. Traditional procurement models, including from government, can also fail to incentivise innovation by service companies.
Government should work with engineering companies offering services to ensure that they can access support for innovation and drive continued growth.
Explainer: Innovation in engineering services (156.51 KB)