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Government plans to support services sector innovation

24 March 2010
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Government plans to support services sector innovationA new programme of support for innovation and growth in the UK''s professional and business services industries has been unveiled by ministers.

The plans are outlined in a draft report from the Department for Business, Innovation and Skills and are intended to boost development within the sector, which is forecast strong levels of growth between now and 2020.

As new markets are established in emerging economies, the potential of exports is expected to grow and industry leaders are being consulted on ways of ensuring firms choose to remain in the UK.

The also government wants to ensure services are developed that ensure the country moves towards a low-carbon and digital economy, something of particular interest to those concerned with operations management and continuous improvement policies.

Lord Davies, trade, investment and small business minister, said: "The sector is a real asset to the UK as we transform to a more networked and smarter low carbon economy."

A poll of 180 firms conducted in January and February by the CBI discovered the service sector saw a stabilisation of business volumes during the previous three months.ADNFCR-3058-ID-19686886-ADNFCR
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