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Page last updated at 16:24 GMT, Thursday, 9 July 2009 17:24 UK

'Ideas' firms buck downturn

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The Bank of England's interest rate have kept the cost of borrowing at unchanged at 0.5%.

The bank has announced it is not planning to extend its quantitative easing scheme under which it creates money to buy bonds in order to stimulate the economy.

However, firms which develop innovative products are bucking the economic downturn and proving appealing to investors, as Philip Hampsheir discovered.

Dr Brian Moon, Chief Executive, Cambridge Consultants contributed to this report.

READ MORE: Bank keeps interest rates on hold

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