Britain is missing out on four fifths of the benefits of technological innovation because it does not recognise the value of manufacturing, a new government adviser has warned.
Scott White, the chief executive of Pragmatic, a Cambridge-based semiconductor business, said Britain had “suffered” over the past few decades because it had not recognised the value of the production process. “We’re really, really good at inventing things, but we tend to not to capture the full value of them because we have this view that manufacturing isn’t important, but we capture 80 per cent of the value by taking it to industrial production,” he said.
White has been appointed to sit on the government’s semiconductor panel, a group including academics, investors and businesses, which will guide
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