Investing in Science

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Romesh Vaitilingham author of Research for our Future, stated very firmly last month that “Virtually all evidence indicates that the new knowledge and innovative ideas generated by research – whether it is in the public or private sector – are key drivers of productivity growth.

He was responding to several key questions raised in a report from the Research Council UK, the questions focused on the value of public investment in the science base and included:

  • Is it really necessary for Britain to sustain the current level of public investment in science?
  • Can British businesses and the British economy “free-ride” on research done elsewhere?
  • What contribution does scientific research make to innovation?

David Willetts, Universities and science minister said

“We need enough good science so that we have the capacity to tackle a new problem, to react effectively to scientific breakthroughs however of wherever they may arise and to capitalise on thsoe breakthroughs via research programmes and business initaitves of our own.”

For further information please visit Research Councils UK

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