The UK can only achieve healthy economic growth and job creation by boosting its high-tech capabilities and innovation across the economy, according to a report published by NESTA (National Endowment for Science, Technology and the Arts).

'Rebalancing Act' provides new analysis on how to rebalance the economy, explains NESTA. Jonathan Kestenbaum, NESTA's Chief Executive says: 'Our analysis puts paid to the notion that a broad-based manufacturing renaissance will drive recovery. Instead, it shows that a recovery based on high technology and innovation offers the best prospect for growth.'