31/07/2026
Publish a 100-day SME innovation scorecard
Jonathan Reynolds’ first 100 days should end with evidence, not another promise that evidence will arrive later.
Switzerland, Sweden and Singapore use different models, but their success shares recognisable features: sustained public investment, specialist delivery institutions, cooperation between research and business, support across development stages, and a clear connection between innovation and national economic priorities.
The UK already has excellent universities, entrepreneurs, investors, Catapults and sector clusters. WIPO ranked the country sixth globally in 2025. The opportunity is not to declare the ecosystem broken beyond repair. It is to make it more predictable, accessible and commercially effective—especially for SMEs.
The Business Secretary should publish a 100-day SME Innovation Scorecard covering:
• the next 24 months of grant competitions and their protected budgets;
• average days from application to decision, contract and first payment;
• the proportion of funding reaching SMEs and each UK nation and region;
• private co-investment attracted;
• new university–SME partnerships;
• paid demonstrators and first public-sector contracts;
• overseas R&D investments secured and UK suppliers engaged;
• jobs, exports and follow-on finance created; and
• outcomes by mission, including AI, health, energy, climate, food, water, materials and manufacturing.
It should also record application costs and unsuccessful applicant feedback. A scheme is not genuinely accessible if hundreds of SMEs collectively spend millions preparing bids for a handful of awards without timely, useful decisions.
Set targets, publish the baseline and report quarterly. Where a programme fails, change it. Where a regional model works, scale it. Where industry says a rule blocks investment, test whether the rule protects the public or merely protects the process.
Grant professionals call this “monitoring, evaluation and learning.” Founders call it checking whether the thing you announced actually happened.
The new department has a rare chance to join business support, science, trade and innovation into one coherent growth system. The first 100 days should make that system visible.
Capti Innovation’s mission is to make business funding more accessible. We help companies assess fundability, align with genuine priorities and develop a long-term non-dilutive funding strategy before committing to a complex application. To start a conversation, email [email protected]