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The Manufacturers' Organisation (EEF) publishes its latest Innovation Support Report Card
November, 2015
Innovation is widely acknowldeged and recognised as a vital part of the success of the manufacturing sector. Whilst the
UK manufacturers understand the importance of investing in innovation, our global competitors are also well-equipped in this respect;
and some countries are doing better.
Excellis Business Consulting has always been a proponent of far-sighted innovation support that goes beyond the traditional mindset of the industry and policymakers.
The latest publication of the Innovation Support Report Card by the Manufacturers' Organisation (in association with Vodafone) summarises the first-hand
response from manufacturers, with particular reference to the UK government's aspirations to make the UK the best place in Europe to innovate.
The report also cites the following key pointers for building a thriving innovation ecosystem in the UK:
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International evidence shows that the most successful innovative nations are not successful because they excel in
one area, but because they excel in many areas. They have
systems that are well designed to help ideas make it through
from conception to market, often with many iterations in
between. Innovation does not happen in a straight line
and policy should enable multiple interactions between
businesses, universities and other innovators.
While there is much to learn from other nations, it is also true
that a good innovation ecosystem cannot just be “copied
and pasted” from somewhere else. For manufacturers, the
best innovation policy goes with the grain of how they
already work.
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Manufacturers see room for improvement in a
number of areas, but there are no areas of UK support that
they feel need a fundamental overhaul. For manufacturers,
making the UK the best place in Europe to innovate means
providing stability for the overall support landscape, a boost
to support in key areas where there is oversubscription or
scope for growth, and a long-term partnership approach with
government to help address major challenges.
The three key things manufacturers want from innovation support:
- Manufacturers want a commitment to long-term funding for science and innovation.
- Manufacturers want to know schemes that help them innovate will last.
- Manufacturers want government to act as a partner when it comes to investing in innovation.
The report also highlights opportunities in commercialising new technology, as well as collaboration.
The Innovation Support Report Card by the Manufacturers' Organisation (in association with Vodafone) is available for download here.
Related resources:
- Analysis of the UK Manufacturing Engineering Sector
- De-risking the economy: One SME at a time
- Excellis voices support for the UK Aerospace Technology Institute (ATI)
As innovator and enabler of innovation for our clients, Excellis Business Consulting provides
strategic advice pertaining to new product and/or service development,
innovation management, market deployment and commercialisation.
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