Labour urged to extend UK innovation support to creative and community firms
Overview
Kate Fleming, director of IDEMS, says UK innovation policy excludes community interest companies with asset locks, making them ineligible for UKRI and Innovate UK support and for tax schemes that reward only uncapped shareholder returns.
Fleming's organisation is urging Labour to change this.
Jenny Haigh, head of creative economy policy at University of the Arts London, says the UK creative industries contribute £145bn a year and are growing at four times the national rate. She says nearly two-thirds of creative micro-firms have engaged in R&D in the past three years.
Written by AI from the articles below · updated Oct 14, 1:02 PM ET
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- The Guardian · AINewsLabour urged to back creative and community firms in UK innovation policy
AIKate 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.
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