Innovation is the successful exploitation of new ideas. Innovation matters because it can deliver high value-added products and services, new, cleaner and more efficient production processes and improved business models.

The following web pages give an update on implementing the commitments made in the action plan in the Innovation Report, 'Competing in the global economy: the innovation challenge', which was published in December 2003. The information is organised under the six key themes:

The Secretary of State for Trade & Industry has been driving forward the science, innovation and knowledge economy agenda across Government through a Ministerial team, and our stakeholders are actively participating in roll-out of the innovation agenda through the Innovation Stakeholder Group.