HOME >> BIOLOGY >> NEWS
$1.86 billion boost for UK science and innovation

A one billion pound ($1.86bn) boost for science and innovation in the UK was unveiled today as the UK Government published its ten year investment framework for science and innovation.

The framework sets out the Government's ambition for public and private spending on research and development in the UK to rise to 2.5 per cent of GDP over the next decade, and provides annual real growth in public science funding of 5.8 per cent over the 2004 Spending Review period - with science spending one billion pounds higher in 2007-08 than in 2004-05.

The Government's vision is for many more skilled scientists and engineers in the economy delivering benefits to businesses, health and the public services. Essential to the strength of science and innovation in the UK is a world class and financially robust research base with growth in public and private investment.

The framework has been developed with stakeholders in the research base and the private sector, including The Wellcome Trust which expects to commit at least $2.8 billion (1.5bn) in the UK over the coming five years.

The Chancellor of the Exchequer, Gordon Brown, said: "The UK needs a twenty-first century science base to compete in the twenty-first century global economy. Today's framework represents a long term commitment to investing in science and innovation to create a platform for future wealth creation, productivity growth and better public services.

Only by working with our business and research charity partners will we achieve our goal of R&D in the UK reaching 2.5 per cent of GDP. That's why I am delighted to be launching the framework alongside those, such as the Wellcome Trust, with whom we will be working to ensure a more sustainable future for UK science".

The UK Secretary of State for Trade and Industry, Patricia Hewitt, said: "The transfer of knowledge from the science base to UK industry is vital to the future of innovative businesses in this country.
'"/>

Contact: Phil Budden
Phil.Budden@fco.gov.uk
202-588-6686
British Information Services
12-Jul-2004


Page: 1 2

Related biology news :

1. UC Riverside researcher takes snapshots of the movement of molecules in a billionth of a second
2. Two billion vulnerable to floods by 2050; number expected to double or more in two generations
3. Hidden cost of Colorado River diversions is $2.4 billion annually
4. Conserving hydrocarbons would save $438 billion
5. Invention could improve PVC safety and strengthen $1.8-billion industry worldwide
6. By the year 2050, human population could add 2.6 billion people, reports Rockefeller scientist
7. Worlds protected areas suffer from $2.5 billion annual shortfall
8. Electric vehicles promise economic benefits in the billions
9. Tufts civil engineer predicts Bostons rising sea levels could cause billions of dollars in damage
10. Study shows digestive, liver woes cost nation $85.5 billion annually
11. 2.6 billion years of primate and carnivore evolutionary history at risk

Post Your Comments:
*Name:
*Comment:
*Email:


(Date:4/11/2017)... 11, 2017 NXT-ID, Inc. (NASDAQ:   ... announces the appointment of independent Directors Mr. Robin D. ... Board of Directors, furthering the company,s corporate governance and expertise. ... Gino Pereira , ... forward to their guidance and benefiting from their considerable expertise ...
(Date:4/5/2017)... YORK , April 5, 2017 Today ... is announcing that the server component of the HYPR ... known for providing the end-to-end security architecture that empowers ... HYPR has already secured over 15 million ... makers including manufacturers of connected home product suites and ...
(Date:4/3/2017)... , April 3, 2017  Data ... precision engineering platform, detected a statistically significant ... product prior to treatment and objective response ... the potential to predict whether cancer patients ... to treatment, as well as to improve ...
Breaking Biology News(10 mins):
(Date:9/20/2017)... ... September 20, 2017 , ... The ... Agronomic Services (Koch) to feature new innovations aimed at helping farmers solve the ... 2018. American Farmer airs Tuesdays at 8:30aET on RFD-TV. Check your local listings ...
(Date:9/20/2017)... ... September 20, 2017 , ... ... a study examining the effects of exoskeleton-assisted walking on gait parameters and ... The article, "Neuromechanical adaptations during a robotic powered exoskeleton assisted walking session" ...
(Date:9/19/2017)... ... September 19, 2017 , ... Participants of this ... high-performance fume hood. Along with the advantages and disadvantages of ductless, filtered fume ... hoods in the laboratory. , Attendees will learn from an industry expert about ...
(Date:9/19/2017)... 19, 2017 ValGenesis Inc., the global leader ... to announce the strategic partnership with VTI Life Sciences ... validation services using the latest technology available in the ... clients with efficient and cost-effective validation services using ValGenesis ... the ValGenesis VLMS system. ...
Breaking Biology Technology:
Cached News: