A new CBI survey of more than 8,000 businesses – supported by Deloitte and Hays – shows that 70% of respondents plan to increase or maintain their innovation spending following the vote to leave the EU.

Last year business invested almost £21bn on innovation, allowing British firms to develop cutting-edge products and services, attract global investment and expand internationally.

Carolyn Fairbairn, CBI Director-General, said: “Innovation is the nucleus of future economic and social development so it’s encouraging that seven out of ten firms will keep up – or even raise – their spending on new technologies and work practices to grow their business.

“As we prepare to depart the EU, this shows that firms are rolling up their sleeves and looking to make the best of Brexit.”

For many companies, innovation means investing in digital technology. Bowe Digital offers a range of IT solutions that can help companies improve their agility and efficiency.

Call us on 0191 214 1750 or email info@bowe.co.uk to find out how.

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