In this response to the Treasury Select Committee’s inquiry into jobs, growth and productivity after coronavirus, NCUB argues that research, innovation and skills development are vital for the economic recovery from Covid-19, as well as responding to the Fourth Industrial Revolution and climate change.

NCUB highlights the importance of understanding and addressing the barriers that businesses are facing when conducting R&D and innovation activities. Attracting and retaining these types of activities and capture value from them, are vital in the years ahead. Additionally, a long-term, holistic skills strategy identifying the future challenges and opportunities faced by the UK economy is fundamental to short-term recovery as well as long-term prosperity.