Sat, 6 March 2021

Newsletter sign-up

Subscribe now
The House Live All
Delivering equitable funding for rural areas is critical to creating a fairer, stronger Britain Partner content
By Rural Services Network
Communities
The advertising industry lies at the heart of a successful recovery. Here’s why Partner content
Economy
The insurance and personal finance professions welcome the Chancellor’s plan for jobs Partner content
Economy
Economy
Press releases

IET responds to BEIS’ potential change to State Aid Rules

Institution of Engineering and Technology

1 min read Partner content

In response to the Department of Business, Energy and Industrial Strategy (BEIS) looking to change State Aid rules following the United Kingdom’s departure of the European Union in 2020, Professor Devaki Bhatta, Member of the Institution of Engineering and Technology’s Innovation and Emerging Technologies Policy Panel, said:

“Leaving the European Union gives us the flexibility to change our State Aid rules to improve the competitiveness of British engineering and technology firms.

“There should be particular focus on supporting SMEs operating in key areas of the economy that are vital for our long-term prosperity, including digital technology and AI, sustainable manufacturing and transport, as well as ‘levelling up’ the geographical distribution of research and development incentives across the UK.

“We also call for a joined-up approach between State Aid legislation and public procurement to boost innovation and enable British technology businesses to thrive in a global economy.”

Categories

Economy
Associated Organisation
Podcast
Engineering a Better World

Can technology deliver a better society? In a new podcast series from the heart of Westminster, The House magazine and the IET discuss with parliamentarians and industry experts how technology and engineering can provide policy solutions to our changing world.

New episode - Listen now