The Programme on Innovation and Diffusion (POID) carries out cutting-edge research into how to boost productivity through nurturing innovation – ideas that are new to the world – and how to diffuse these ideas across the economy.
The £5 million programme will be led by Professor John Van Reenen, OBE, the Ronald Coase Chair in Economics at LSE and former director of the Centre for Economic Performance.
Professor Van Reenen is renowned for his research on productivity, which looks into the causes and consequences of innovation for economic life, both in terms of 'soft' innovation such as changes in management practices and 'hard' technologies such as information technology and artificial intelligence.
The POID Advisory Committee is drawn from stakeholder and research communities. The Advisory Committee is chaired by Clare Lombardelli (DG and Chief Economic Adviser, HMT).