Multi-million pound businesses that create jobs, grow the economy and make life-changing innovations a reality must be protected in the Autumn Statement, the Russell Group has said today (15 November 2022).
Wireless foetal heart rate monitors that are used around the world, pothole-repairing robots or greener washing machines that use less water and energy are just a few of the innovations developed by research at Russell Group universities and ‘spun out’ into successful businesses.
Companies like these are just one of the ways the UK’s world class R&D sector helps to boost growth, with many of them raising millions of pounds of private investment. They also create high-value, high skilled jobs as well as developing new products that help to improve people’s lives.
