The government has launched its new Innovation Strategy as part of a £22bn investment into research and development, although the South West looks set to miss out on a key funding stream outlined under the new policy.

Unveiling the plans, the business secretary, Kwasi Kwarteng, said: "The UK can look back on a proud history of changing the world through innovation. From the...

In the now impossibly tranquil-seeming days of the early 2010s, David Cameron’s coalition government became obsessed with Silicon Valley. Although the reverberations from the 2008 financial crisis were still being felt, it was possible in a world before Brexit and coronavirus for politicians to fixate on something as trivial as technology start-ups and not be consumed by criticism.

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