1、Institute for Manufacturing,University of CambridgeFebruary 2021UK INNOVATION REPORTBenchmarking the UKs industrial and innovation performance in a global context2What makes this report differentWhile numerous sources of data on the topic of innovation exist,the UK Innovation Report aims to make a c

2、ontribution by bringing together,in a single place,innovation and value added indicators in a concise and accessible format.The report seeks to demonstrate the value of combiningdifferent types of indicator and data sets to facilitate policy discussions on innovation and industrial performance and t

3、he interplay between them.Instead of structuring the report according to input and output indicators,as is typically done in reviews of innovation activity,the focus has been on bringing together indicators that provide rich quantitative representations that are relevant to the vitality of the UKs i

4、nnovation activity and its industrial performance in an international context.While the report does not make specific policy recommendations,it does highlight areas where additional evidence and policy action may be required.MotivationReview the UKs innovation and industrial performance and compare

5、it with that of other selected countries.Facilitate discussions on the relation between sectoral competitiveness and innovation.Stimulate the debate on the evidence base required to inform industrial strategy and innovation policy.3STRUCTURE OF THE UK ECONOMYINVESTMENT IN INNOVATIONIn recent years t

6、he UKs labour productivity,as measured by GDP per hour worked,has grown somewhat slower than in other developed economies.In 2018 the UKs labour productivity was barely above its 2007 level.Sector-level analysis reveals key structural factors behind the relatively slow rates of productivity growth i