Insight from Innovation State of the Nation Survey (ISNS) 2023 and 2024

Business innovation – creating or changing products, services, and business methods – is crucial in driving productivity and growth. Evidence from the UK Innovation Survey (UKIS), published earlier this year, currently covers the period up to 2022. Despite some survey-to-survey variation, this suggests a downward trend in the proportion of innovation-active UK firms1. The UKIS also suggests an increasing gap between the proportion of larger and smaller firms that are innovation-active.

New data from the Innovation State of the Nation Survey (ISNS) brings the story to date based on data collected in early 2023 and 2024. The ISNS is an annual survey covering 2,000 firms. It aims to provide a representative view of UK firms’ R&D and innovation activity, which can help identify particular challenges and opportunities for policy development and support.

You can download the full report via the link on the right-hand side of this webpage.