Department for Business, Innovation and Skills

The Department for Business, Innovation and Skills (BIS) is making a difference by supporting sustained growth and higher skills across the economy. Growth is the Government’s top priority and every part of Government is focused on it. But we need to grow differently. Growth must be sustainable, shared and balanced – across the country and between sectors of the economy.

There is a clear and active role for Government to create the conditions for the private sector to grow and remove unnecessary barriers that can stifle growth. Almost everything that BIS does – from investing in skills to making markets more dynamic and reducing regulation, and from promoting trade to boosting innovation and helping people start and grow a business – helps drive growth.

We want to make sure that Britain is the best place in the world to run an innovative business or service - this is critical to the UK's future prosperity, our quality of life and future job prospects. The transition to a low carbon world will transform our whole economy. It will change our industrial landscape, the supply chains of our businesses and the way we all live and work. The UK aims to lead the move to a low carbon economy in a coordinated drive to tackle climate change. 

Innovation is a key driver of economic growth. BIS supports and strengthens this process with the objective of making the UK the most attractive place in the world to start and invest in technology based businesses. BIS provides and supports a range of practical support for business innovation including:

  • Direct support by various partner organisations (the Technology Strategy Board, Energy Technologies Institute, National Measurement system, NESTA, IPO)
  • Indirect support including through the R&D tax credit and well designed regulation.

The Technology Strategy Board is the prime channel through which Government incentivises business-led technology innovation. Through the Technology Strategy Board we are investing over £1bn in business-led R&D and innovation over the Spending Review period.

www.bis.gov.uk/innovation