Magazine article Public Finance

Innovation Schemes 'Gimmicky'

Magazine article Public Finance

Innovation Schemes 'Gimmicky'

Article excerpt

Attempts by the public sector to promote innovation in cities have been too narrowly focused on support services for science and technology, a think-tank has said.

The Centre for Cities report, Innovation, science and the city, said innovation had driven economic growth in cities. But policies have led to overlapping support services, creating gimmicky' science parks and innovation centres.

Cities from Bristol to Newcastle should focus instead on 'getting the basics right', such as cutting congestion, speeding up the planning process and improving the supply of affordable housing.

Hannah Brown, research manager at Centre for Cities, said: 'Even at a time of economic uncertainty, innovation is a key ingrethent for business growth. But supporting innovation in Britain's cities isn't about gimmicky policy initiatives or niche business schemes.

'Instead, cities need to get the basics right - delivering good transport, better housing, faster planning decisions - to help businesses to innovate and compete. …

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