UK firms running out of ideas, survey finds

The UK may no longer be a nation of innovators, according to a survey by the Confederation of British Industry, 3M and NatWest. The 1999 Innovation Trends survey revealed that for the first time in 10 years 25% of manufacturers felt they were no longer producing new ideas. `The lack of innovation is worrying,’ said […]

The UK may no longer be a nation of innovators, according to a survey by the Confederation of British Industry, 3M and NatWest.

The 1999 Innovation Trends survey revealed that for the first time in 10 years 25% of manufacturers felt they were no longer producing new ideas.

`The lack of innovation is worrying,’ said Peter Agar, director general of the CBI.

`Unless companies come up with new ideas they won’t have products to exploit in the future. Both companies and the Government need to do more to create the conditions which allow creativity to flourish.

`A key factor in the future will be continuous innovation and the development of new products,’ he said.