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Innovation, Public Policy and the North of England

Innovation, Public Policy and the North of England. Friday 28 March 2008 Scottish Policy Forum. Michael Johnson Research Fellow, ippr north. Innovation & Public Policy in the North of England.

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Innovation, Public Policy and the North of England

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  1. Innovation, Public Policy and the North of England Friday 28 March 2008 Scottish Policy Forum Michael JohnsonResearch Fellow, ippr north

  2. Innovation & Public Policy in the North of England “Innovation is essential to the UK’s future economic prosperity and quality of life. To raise economic prosperity, foster competitive businesses, meet the challenges of globalisation and to live within our environmental and demographic limits, the UK must excel at all types of innovation.” Innovation White Paper, page 1, March 2008 Scottish Policy Forum; Friday 28 March 2008 2

  3. The Rise of Innovation The UK’s Innovation Performance The UK Policy Landscape The Race to the Top Innovation Nation Innovation & Public Policy Innovation & Public Policy in the North of England Scottish Policy Forum; Friday 28 March 2008 3

  4. Incorporated into the neoclassical growth model relatively recently Differences between product innovations and process innovations Improved understanding of its role as a public good The Rise of Innovation Innovation & Public Policy in the North of England Scottish Policy Forum; Friday 28 March 2008 4

  5. The Rise of Innovation Innovation & Public Policy in the North of England Source: HMT 2004 Scottish Policy Forum; Friday 28 March 2008 5

  6. Firms will seek to protect the returns to their investment in pursuing innovations The conventional wisdom suggests that competition stimulates innovation Yet equally, a free market innovates at a level that is below the social optimum The Rise of Innovation Innovation & Public Policy in the North of England Scottish Policy Forum; Friday 28 March 2008 6

  7. Generally comparable with EU averages Around 50% of businesses are innovators Although 80% of these are follower innovators And only 20% are novel innovators The UK’s Innovation Performance Innovation & Public Policy in the North of England Scottish Policy Forum; Friday 28 March 2008 7

  8. The UK’s Innovation Performance Innovation & Public Policy in the North of England Cited in DTI 2003 Scottish Policy Forum; Friday 28 March 2008 8

  9. The UK’s Innovation Performance Innovation & Public Policy in the North of England Scottish Policy Forum; Friday 28 March 2008 9

  10. Establishment of DIUS is crucial HMT will play a different role in future Devolution allows some freedoms for the Scottish Government But do they offer enough?? The UK Policy Landscape Innovation & Public Policy in the North of England Scottish Policy Forum; Friday 28 March 2008 10

  11. R&D Tax Credits are significant 22,000 claims up to early 2006 Totaling £1.8 billion of support Flexible to the needs of SMEs and large enterprises Recognition that public investment tends to offer lower returns on investment than private venture capital… The UK Policy Landscape Innovation & Public Policy in the North of England Scottish Policy Forum; Friday 28 March 2008 11

  12. Review of Science and Innovation, led by Lord Sainsbury Warns against protectionism or resisting the forces of global economic change Encourages greater commercialisation of world-class research base The Race to the Top (October 2007) Innovation & Public Policy in the North of England Scottish Policy Forum; Friday 28 March 2008 12

  13. Clearly recognises the role public policy should play Encourages greater utilisation of existing assets Double the number of KTPs Introduce a guide to innovation finance Innovation Nation (March 2008) Innovation & Public Policy in the North of England Scottish Policy Forum; Friday 28 March 2008 13

  14. The Experience of the North of England The Really Tough Questions Potential Policy Gaps Looking to the Future Moving on... Innovation & Public Policy in the North of England Scottish Policy Forum; Friday 28 March 2008 14

  15. ippr north’s Entrepreneurship & Innovation in the North (publishedJanuary 2008) During a period of strong UK growth 1997-2005, all 3 Northern English regions moved further behind the UK GVA average (and Scotland did too) The Experience of the North of England Innovation & Public Policy in the North of England Scottish Policy Forum; Friday 28 March 2008 15

  16. Innovation & Public Policy in the North of England 16

  17. Innovation & Public Policy in the North of England 17

  18. The relationship between innovation, employment and economic output is hugely difficult to define Crucially, it is very difficult to establish causality between the three The Really Tough Questions Innovation & Public Policy in the North of England Scottish Policy Forum; Friday 28 March 2008 18

  19. The Experience of the North of England Innovation & Public Policy in the North of England 19

  20. The Experience of the North of England Innovation & Public Policy in the North of England 20

  21. Empirical understanding of variance in localised impact of national tax system Need for intermediate skills to be re-classified from NVQ level 2 to level 3 Potential Policy Gaps Innovation & Public Policy in the North of England Scottish Policy Forum; Friday 28 March 2008 21

  22. Implementation of the Leitch Review and Sainsbury Review crucial to this Government relocations aren’t a silver bullet Greater recognition of spatial impact of Government policy would be welcome Looking to the Future Innovation & Public Policy in the North of England Scottish Policy Forum; Friday 28 March 2008 22

  23. Drop me an email: m.johnson@ippr.org Or give me a call: 0191 2113807 Want further information? Innovation & Public Policy in the North of England Scottish Policy Forum; Friday 28 March 2008 23

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