6. The UK nevertheless needs to maximise its innovation potential, ensuring that ideas translate into practical applications which enhance everyday life and contribute to productivity, economic growth and international influence. A common problem in the UK innovation landscape is that although support is available for early-stage R&D, it often falls away before ideas are fully commercialised and brought to market. As a result, innovation and intellectual property sometimes move out of the UK before companies are able to mature into commercial successes. 7. Building a durable competitive edge in S&T depends on ensuring that the success of our research base translates into influence over the design and use of critical and emerging technologies. This requires the creation of a favourable environment – ranging from a talented workforce and strong science infrastructure, to speed of commercialisation, our ability to attract trusted international partners, and ethical and legal frameworks that foster public trust and early adoption. To achieve this, our priority actions will be: • To build on the UK’s successful S&T base. The Government has committed to increasing economy-wide investment in R&D to 2.4% of GDP by 2027, including through inward investment. Through the R&D roadmap, we will ensure that public R&D spending continues to support discovery research, and increase investment in applied research, development and implementation. We will also take greater account of place-based outcomes, ensuring that public spending on R&D unlocks growth and societal benefit across the UK. We will accept more risk in our public investments, supporting the most creative, innovative and radical ideas for future development. We will invest at least £800 million to set up an independent body for high-risk, high-reward research: the Advanced Research and Invention Agency (ARIA), which will back breakthrough technologies and basic research through experimentation. • To unlock the full potential of the UK’s S&T and data ecosystem by improving and accelerating the ‘pull through’ from research to commercialisation. The Government will use all the levers at its disposal to develop the infrastructure, business and regulatory environment to support innovation and adoption across the UK economy. We will do this in partnership with all of the British S&T community, within government and across the devolved administrations, academia, the private sector, the financial sector, regulators and standards bodies. The Government’s plan for growth and the digital and national data strategies will be core planks of this effort, supported by the pro-growth, pro-innovation regulatory reforms set out in the white paper on regulation for the fourth industrial revolution. We will improve access to finance, including from specialist investors able to provide longer-term capital to promising companies across all stages of growth. We will make the UK the best place in the world to be a researcher, inventor or innovator, strengthening our talent offer through the newly-established Office for Talent and the introduction of the Global Talent Visa. • To better protect our intellectual property and sensitive research. We will support the research and innovation sector through the Trusted Research programme and act to protect our organisations, capabilities and skills where there is a national security case – including by ensuring companies can access investment safely (see 2.2). 36 Integrated Review