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This is a an example of “inclusive capitalism”. Innovation spending for the greater good, and not motivated by short termism such as those of equity markets. Business Green is reporting that a group of Mayors, business leaders, and universities from the north west of England have announced the formation of a new group designed to mobilise £500m of investment in support of the government’s plans to create a low carbon industrial cluster in the UK. What remains to be seen is how much innovation funding will actually be available for this project – we hope plenty.
The article features on the Business Green website