Labour urged to back creative and community firms in UK innovation policy

Kate Fleming, director of IDEMS, says UK innovation policy excludes community interest companies with asset locks, citing ineligibility for UKRI and Innovate UK support and tax schemes that reward only uncapped shareholder returns.

Jenny Haigh, head of creative economy policy at University of the Arts London, says the UK creative industries contribute £145bn annually, growing at four times the national rate, and that nearly two-thirds of creative micro-firms have engaged in R&D in the past three years.