Creating an Innovation Economy

I believe UK agri-businesses will be one of Britain's prime export industries of the future. But to grow this sector of our economy we need to attract entrepreneurs and join up with the leading scientific work generated in Norwich and Cambridge's life science bases.
 
Recently the Agri-Tech Catalyst fund went live, following on from the Agri-Tech strategy I co-ordinated earlier in the year, providing £60m of funding to help boost businesses in the sector. Last week I launched the NorCam collaboration cluster with Lord Sainsbury, helping foster greater links between the NRP and the Cambridge cluster, combining the agri-tech strengths of Norwich with the biomedical expertise of Cambridge.
 
I believe the only way to drive a sustainable recovery is by letting entrepreneurs flourish, creating businesses that can help us trade our way out of our current debt crisis. In my recent speech at the global launch of Entrepreneur Country, I advocated a New Deal for new businesses to help do just that, exempting them from the burden of tax and form-filling until they have been going for two years or their turnover reaches £250k.
 
It is also why we need to engage more strategically with emerging markets. Despite their recent wobbles, emerging economies urgently need the technologies we produce. We need to get more businesses from Cambridge and Norwich exporting their discoveries to the BRICs and N11. Helping feed, fuel and heal the world.
 
The opportunities are there. With the Catalyst fund and launch of the collaboration cluster, we are one step closer to realising them.
 
Below is a video explaining the work of Babraham Research Campus in Cambridge and how it benefits the UK:
 
 

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My Work in Westminster

  Click here to see my work in Parliament
  and Government on a Conservative
  Programme for the 21st Century.

George Freeman in Westminster

Publications


George Freeman: New technology can save the NHS

21st September 2015 There is a truth in our society that we can no longer ignore. With a rapidly ageing population, the UK faces a new demographic reality. | ConservativeHome



George Freeman: How technology will transform care and debate about our NHS

18th January 2015 The technological revolutions which have transformed so much of our economy and society are about to transform healthcare. | ConservativeHome


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