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<p>Like many of our competitor economies, we are looking to provide a wider range
of financial products to support, innovation in UK industry. In the coming months,
we will, be conducting market research to better understand the needs of innovative
businesses in the UK.</p><p>This will be followed by a pilot to test specific financial
support mechanisms, with an evaluation in late 2016, leading to a roll-out of a range
of new products in 2017. We will continue to provide grant funding to support research
and development where appropriate - including, for example, aerospace research supported
by the Aerospace Technology Institute and automotive research supported by the Advanced
Propulsion Centre.</p>
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