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Innovation drive for pounds 1 trillion service economy.

THE Government is taking a fresh look at the changing global services industry and how it can support innovation by British businesses.

The Government sponsored "Innovation in Services" report outlines measures to improve the capacity of businesses to innovate across a range of industries covering retail, construction, logistics, internet services and environmental services.

Business Minister Shriti Vadera said: "The UK service economy is now worth pounds 1 trillion. We are world leaders in many service sectors including design engineering, architecture and environmental consultancy.

"It is important to support innovation by British businesses and that's why Government is working with the Technology Strategy Board and the British Standards Institute to take forward the report's recommendations."

Innovation Minister Ian Pearson said: "The Innovation White Paper we published in March set out a number of practical measures to make the UK the best place in the world to run an innovative business, public service or third-sector organisation. We are helping to create the conditions for innovation to flourish."
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Title Annotation:Business
Publication:Western Mail (Cardiff, Wales)
Date:Sep 3, 2008
Words:165
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