Innovation Active Businesses

Indicator : Innovation Active Businesses Theme : Annual Business Source : Department for Business, Energy & Industrial Strategy, UK Innovation Survey 2021 Frequency : Every 2 years Definition : The UK definition of innovation is based on an Organisation for Economic Co-operation and Development (OECD) definition outlined in the Oslo Manual 2018. This definition includes any of the following activities, if they occurred during the survey period: 1. Introduction of a new or significantly improved product (good or service) or process; 2. Engagement in innovation projects not yet complete or abandoned; 3. New and significantly improved forms of organisation, business structures or practices and marketing concepts or strategies; A business that has engaged in any of the activities 1 to 3 above is defined as innovation active. Latest Period : 2020-22 Released : May 2024 Next Update : 2026 Link : https://www.gov.uk/government/collections/uk-innovation-survey