{"id":12683,"date":"2020-09-23T13:31:29","date_gmt":"2020-09-23T13:31:29","guid":{"rendered":"https:\/\/www.openbusinesscouncil.org\/?p=12683"},"modified":"2022-05-04T21:37:54","modified_gmt":"2022-05-04T21:37:54","slug":"three-quarters-of-uk-smes-think-innovation-is-important-for-recovery-from-covid-19","status":"publish","type":"post","link":"https:\/\/www.footballthink.com\/three-quarters-of-uk-smes-think-innovation-is-important-for-recovery-from-covid-19\/","title":{"rendered":"Three Quarters Of UK SMEs Think Innovation Is Important For Recovery From COVID-19"},"content":{"rendered":"
\"\"
Three Quarters Of UK SMEs Think Innovation Is Important For Recovery From COVID-19<\/figcaption><\/figure>\n

\u00b7 85% of UK SMEs consider innovation an important part of Covid-19 recovery, yet less than a fifth (15%) strongly agree the Government is doing enough to support it<\/strong><\/p>\n

\u00b7 Nearly a quarter (22%) of respondents have never claimed R&D tax credits, despite being aware they exist <\/strong><\/p>\n

\u00b7 One fifth of SMEs said they had no strategy in place to track their IP<\/strong><\/p>\n

Just 15% of UK SMEs think the Government is creating an economic environment in which they are encouraged to innovate, according to new research by GovGrant<\/a>, the R&D and IP specialists. This is despite the fact that over three quarters of these businesses consider innovation to be important for recovery from Covid-19, reaffirming the disconnect between businesses and the Government support schemes available.<\/p>\n

The survey collected the views of over 500 SME decision-makers across seven different sectors. The findings show that whilst 85% of respondents acknowledged the importance of innovation, just 26% felt their current activity was highly innovative.<\/p>\n

Luke Hamm, CEO, GovGrant, comments:<\/strong><\/p>\n

\u201cDespite the Government\u2019s R&D Roadmap outlining its commitment to R&D and innovation, our research shows the need for further support when it comes to recognising innovative activity. SMEs urgently need clarity and a common definition of innovation that transcends sectors, geography and generations if we\u2019re going to plug the gap between the support that\u2019s available and how SMEs make use of it. This is particularly true when it comes to IP.\u201d<\/em><\/p>\n

This might be the result of confusion around the definition of innovation, with respondents split across three different definitions \u2013 42% of respondents said they viewed innovation as tiny and continual changes that happen daily, with the rest saying that it either happened rarely (but made a considerable impact) or occurred sporadically. This disconnect may well be the reason that many SMEs are failing to claim valuable tax credits for their R&D, with nearly a quarter stating they had never done so.<\/p>\n

GovGrant\u2019s research also revealed that 43% of UK SMEs do not have anyone in charge of the commercialisation of intellectual property and innovation at Board level. As a result, only a quarter of respondents (24%) thought the main purpose of a patent was to add commercial value, and one fifth said they had no strategy in place to track their IP.<\/p>\n

Luke Hamm concludes:<\/strong><\/p>\n

\u201c<\/em><\/strong>Innovation has never been more important for creating a resilient and productive economy post Covid-19, especially with Brexit and the end of the transition period also fast approaching. We need to be taking intellectual property much more seriously. The Government must do more to improve awareness and accessibility of its support schemes, including the Patent Box, if SMEs are going to invest in their R&D and thrive. We urgently need to review the patent process and make it attractive on the global stage.\u201d<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00b7 85% of UK SMEs consider innovation an important part of Covid-19 recovery, yet less than a fifth (15%) strongly agree the Government is doing enough to support it \u00b7 Nearly a quarter (22%) of respondents have never claimed R&D tax credits, despite being aware they exist \u00b7 One fifth of SMEs said they had […]<\/p>\n","protected":false},"author":7,"featured_media":12684,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":""},"categories":[3585,3666],"tags":[13949,4758,3993,4443],"acf":[],"yoast_head":"\nThree Quarters Of UK SMEs Think Innovation Is Important For Recovery From COVID-19 - OpenBusinessCouncil Directory<\/title>\n<meta name=\"description\" content=\"85% of UK SMEs consider innovation an important part of Covid-19 recovery, yet less than a fifth (15%) strongly agree the Government is doing enough\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.footballthink.com\/three-quarters-of-uk-smes-think-innovation-is-important-for-recovery-from-covid-19\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Three Quarters Of UK SMEs Think Innovation Is Important For Recovery From COVID-19\" \/>\n<meta property=\"og:description\" content=\"85% of UK SMEs consider innovation an important part of Covid-19 recovery, yet less than a fifth (15%) strongly agree the Government is doing enough\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.footballthink.com\/three-quarters-of-uk-smes-think-innovation-is-important-for-recovery-from-covid-19\/\" \/>\n<meta property=\"og:site_name\" content=\"OpenBusinessCouncil Directory\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-23T13:31:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-04T21:37:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.footballthink.com\/wp-content\/uploads\/2020\/09\/Three-Quarters-Of-UK-SMEs-Think-Innovation-Is-Important-For-Recovery-From-COVID-19.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Hernaldo Turrillo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Hernaldo Turrillo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.footballthink.com\/three-quarters-of-uk-smes-think-innovation-is-important-for-recovery-from-covid-19\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.footballthink.com\/three-quarters-of-uk-smes-think-innovation-is-important-for-recovery-from-covid-19\/\"},\"author\":{\"name\":\"Hernaldo Turrillo\",\"@id\":\"https:\/\/www.footballthink.com\/#\/schema\/person\/b9610afd0759dc701187a7f622375c23\"},\"headline\":\"Three Quarters Of UK SMEs Think Innovation Is Important For Recovery From COVID-19\",\"datePublished\":\"2020-09-23T13:31:29+00:00\",\"dateModified\":\"2022-05-04T21:37:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.footballthink.com\/three-quarters-of-uk-smes-think-innovation-is-important-for-recovery-from-covid-19\/\"},\"wordCount\":502,\"publisher\":{\"@id\":\"https:\/\/www.footballthink.com\/#organization\"},\"keywords\":[\"COVID-19\",\"innovation\",\"SMEs\",\"UK businesses\"],\"articleSection\":[\"Business Resources\",\"Entrepreneurship\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.footballthink.com\/three-quarters-of-uk-smes-think-innovation-is-important-for-recovery-from-covid-19\/\",\"url\":\"https:\/\/www.footballthink.com\/three-quarters-of-uk-smes-think-innovation-is-important-for-recovery-from-covid-19\/\",\"name\":\"Three Quarters Of UK SMEs Think Innovation Is Important For Recovery From COVID-19 - OpenBusinessCouncil Directory\",\"isPartOf\":{\"@id\":\"https:\/\/www.footballthink.com\/#website\"},\"datePublished\":\"2020-09-23T13:31:29+00:00\",\"dateModified\":\"2022-05-04T21:37:54+00:00\",\"description\":\"85% of UK SMEs consider innovation an important part of Covid-19 recovery, yet less than a fifth (15%) strongly agree the Government is doing enough\",\"breadcrumb\":{\"@id\":\"https:\/\/www.footballthink.com\/three-quarters-of-uk-smes-think-innovation-is-important-for-recovery-from-covid-19\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.footballthink.com\/three-quarters-of-uk-smes-think-innovation-is-important-for-recovery-from-covid-19\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.footballthink.com\/three-quarters-of-uk-smes-think-innovation-is-important-for-recovery-from-covid-19\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.footballthink.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Three Quarters Of UK SMEs Think Innovation Is Important For Recovery From COVID-19\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.footballthink.com\/#website\",\"url\":\"https:\/\/www.footballthink.com\/\",\"name\":\"OpenBusinessCouncil Directory\",\"description\":\"Openbusinesscouncil\",\"publisher\":{\"@id\":\"https:\/\/www.footballthink.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.footballthink.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":[\"Organization\",\"Place\"],\"@id\":\"https:\/\/www.footballthink.com\/#organization\",\"name\":\"openbusinesscounsil\",\"url\":\"https:\/\/www.footballthink.com\/\",\"sameAs\":[],\"logo\":{\"@id\":\"https:\/\/www.footballthink.com\/three-quarters-of-uk-smes-think-innovation-is-important-for-recovery-from-covid-19\/#local-main-organization-logo\"},\"image\":{\"@id\":\"https:\/\/www.footballthink.com\/three-quarters-of-uk-smes-think-innovation-is-important-for-recovery-from-covid-19\/#local-main-organization-logo\"},\"openingHoursSpecification\":[{\"@type\":\"OpeningHoursSpecification\",\"dayOfWeek\":[\"Monday\",\"Tuesday\",\"Wednesday\",\"Thursday\",\"Friday\",\"Saturday\",\"Sunday\"],\"opens\":\"09:00\",\"closes\":\"17:00\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.footballthink.com\/#\/schema\/person\/b9610afd0759dc701187a7f622375c23\",\"name\":\"Hernaldo Turrillo\",\"description\":\"Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.\",\"url\":\"https:\/\/www.footballthink.com\/author\/hturrillo\/\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.footballthink.com\/three-quarters-of-uk-smes-think-innovation-is-important-for-recovery-from-covid-19\/#local-main-organization-logo\",\"url\":\"https:\/\/www.footballthink.com\/wp-content\/uploads\/2017\/04\/logo_big.png\",\"contentUrl\":\"https:\/\/www.footballthink.com\/wp-content\/uploads\/2017\/04\/logo_big.png\",\"width\":1161,\"height\":250,\"caption\":\"openbusinesscounsil\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Three Quarters Of UK SMEs Think Innovation Is Important For Recovery From COVID-19 - OpenBusinessCouncil Directory","description":"85% of UK SMEs consider innovation an important part of Covid-19 recovery, yet less than a fifth (15%) strongly agree the Government is doing enough","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.footballthink.com\/three-quarters-of-uk-smes-think-innovation-is-important-for-recovery-from-covid-19\/","og_locale":"en_US","og_type":"article","og_title":"Three Quarters Of UK SMEs Think Innovation Is Important For Recovery From COVID-19","og_description":"85% of UK SMEs consider innovation an important part of Covid-19 recovery, yet less than a fifth (15%) strongly agree the Government is doing enough","og_url":"https:\/\/www.footballthink.com\/three-quarters-of-uk-smes-think-innovation-is-important-for-recovery-from-covid-19\/","og_site_name":"OpenBusinessCouncil Directory","article_published_time":"2020-09-23T13:31:29+00:00","article_modified_time":"2022-05-04T21:37:54+00:00","og_image":[{"width":1000,"height":667,"url":"https:\/\/www.footballthink.com\/wp-content\/uploads\/2020\/09\/Three-Quarters-Of-UK-SMEs-Think-Innovation-Is-Important-For-Recovery-From-COVID-19.jpg","type":"image\/jpeg"}],"author":"Hernaldo Turrillo","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Hernaldo Turrillo","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.footballthink.com\/three-quarters-of-uk-smes-think-innovation-is-important-for-recovery-from-covid-19\/#article","isPartOf":{"@id":"https:\/\/www.footballthink.com\/three-quarters-of-uk-smes-think-innovation-is-important-for-recovery-from-covid-19\/"},"author":{"name":"Hernaldo Turrillo","@id":"https:\/\/www.footballthink.com\/#\/schema\/person\/b9610afd0759dc701187a7f622375c23"},"headline":"Three Quarters Of UK SMEs Think Innovation Is Important For Recovery From COVID-19","datePublished":"2020-09-23T13:31:29+00:00","dateModified":"2022-05-04T21:37:54+00:00","mainEntityOfPage":{"@id":"https:\/\/www.footballthink.com\/three-quarters-of-uk-smes-think-innovation-is-important-for-recovery-from-covid-19\/"},"wordCount":502,"publisher":{"@id":"https:\/\/www.footballthink.com\/#organization"},"keywords":["COVID-19","innovation","SMEs","UK businesses"],"articleSection":["Business Resources","Entrepreneurship"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.footballthink.com\/three-quarters-of-uk-smes-think-innovation-is-important-for-recovery-from-covid-19\/","url":"https:\/\/www.footballthink.com\/three-quarters-of-uk-smes-think-innovation-is-important-for-recovery-from-covid-19\/","name":"Three Quarters Of UK SMEs Think Innovation Is Important For Recovery From COVID-19 - OpenBusinessCouncil Directory","isPartOf":{"@id":"https:\/\/www.footballthink.com\/#website"},"datePublished":"2020-09-23T13:31:29+00:00","dateModified":"2022-05-04T21:37:54+00:00","description":"85% of UK SMEs consider innovation an important part of Covid-19 recovery, yet less than a fifth (15%) strongly agree the Government is doing enough","breadcrumb":{"@id":"https:\/\/www.footballthink.com\/three-quarters-of-uk-smes-think-innovation-is-important-for-recovery-from-covid-19\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.footballthink.com\/three-quarters-of-uk-smes-think-innovation-is-important-for-recovery-from-covid-19\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.footballthink.com\/three-quarters-of-uk-smes-think-innovation-is-important-for-recovery-from-covid-19\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.footballthink.com\/"},{"@type":"ListItem","position":2,"name":"Three Quarters Of UK SMEs Think Innovation Is Important For Recovery From COVID-19"}]},{"@type":"WebSite","@id":"https:\/\/www.footballthink.com\/#website","url":"https:\/\/www.footballthink.com\/","name":"OpenBusinessCouncil Directory","description":"Openbusinesscouncil","publisher":{"@id":"https:\/\/www.footballthink.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.footballthink.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":["Organization","Place"],"@id":"https:\/\/www.footballthink.com\/#organization","name":"openbusinesscounsil","url":"https:\/\/www.footballthink.com\/","sameAs":[],"logo":{"@id":"https:\/\/www.footballthink.com\/three-quarters-of-uk-smes-think-innovation-is-important-for-recovery-from-covid-19\/#local-main-organization-logo"},"image":{"@id":"https:\/\/www.footballthink.com\/three-quarters-of-uk-smes-think-innovation-is-important-for-recovery-from-covid-19\/#local-main-organization-logo"},"openingHoursSpecification":[{"@type":"OpeningHoursSpecification","dayOfWeek":["Monday","Tuesday","Wednesday","Thursday","Friday","Saturday","Sunday"],"opens":"09:00","closes":"17:00"}]},{"@type":"Person","@id":"https:\/\/www.footballthink.com\/#\/schema\/person\/b9610afd0759dc701187a7f622375c23","name":"Hernaldo Turrillo","description":"Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.","url":"https:\/\/www.footballthink.com\/author\/hturrillo\/"},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.footballthink.com\/three-quarters-of-uk-smes-think-innovation-is-important-for-recovery-from-covid-19\/#local-main-organization-logo","url":"https:\/\/www.footballthink.com\/wp-content\/uploads\/2017\/04\/logo_big.png","contentUrl":"https:\/\/www.footballthink.com\/wp-content\/uploads\/2017\/04\/logo_big.png","width":1161,"height":250,"caption":"openbusinesscounsil"}]}},"_links":{"self":[{"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/posts\/12683"}],"collection":[{"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/comments?post=12683"}],"version-history":[{"count":1,"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/posts\/12683\/revisions"}],"predecessor-version":[{"id":12685,"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/posts\/12683\/revisions\/12685"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/media\/12684"}],"wp:attachment":[{"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/media?parent=12683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/categories?post=12683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/tags?post=12683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}