On the 26th January, 2010, the UK government formally launched what they called the UK Innovation Investment Fund (UKIIF). This fund is designed to encourage environmental innovation to improve and develop on the country we live in. To begin with, the fund will start investing in small growing businesses. By providing help to companies that are struggling in the current economic climate, the government have ensured that they can do their best to ensure we are not a broken country when the recession is over.
Do I believe this fund is beneficial to companies, and the environment we live in? I believe this fund will encourage innovation within struggling companies, and in turn will benefit our economy. There are so many talented, innovative people out there, who are just trying to break into the industry and show their talents. This fund will help to do that. Anything to encourage innovation is a good idea in my book. The world is changing, and we need to change with it.
Sorry for the short blog entry!
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