Building our Industrial Strategy: Investing in science, research and innovation

By Dr Kelly Davidge, Research and Development Manager at Kirkstall Ltd

Parliament pic

In the Government’s recently published Green Paper on building the UK’s industrial strategy, they recognise the importance of investment in science, research and innovation and have committed to a number of strategies to boost the UK innovation economy. Although the UK has three of the top 10 and 12 of the top 100 world universities, we lag behind other countries when it comes to investment in innovation through research and development (R&D):

  • 1.7% of UK GDP- gross domestic product- is invested in R&D funding, compared with the OECD (Organisation for Economic Co-operation and Development) average of 2.4%;
  • business investment in R&D is 1% in the UK, but 2% in Germany, 2.5% in Japan and over 3% in South Korea;
  • the UK produces a similar number of spin-off companies to the US but registers fewer patents;
  • none of our universities feature in the top 10 of Reuters Top 100: The World’s Most Innovative Universities – 2016, a list that ranks the educational institutions doing the most to advance science, invent new technologies and drive the global economy.

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When Ollie met Sci-Policy

By Oliver Summers, Project Research Officer, Government Office for Science

o-summersIn 2012, during the first year of my undergraduate degree, I received an email about an opportunity to question key political figures about science policy in the UK. This was the first Voice of the Future event, and I’ve been hooked on science policy ever since!

I’ve always been interested in science and politics, in fact before deciding to settle on studying biology at university I was considering a politics degree. I always thought it was a binary choice that science and politics were separate, but participating in events such as Voice of the Future revealed this isn’t the case. Continue reading