The balance of R&D and innovation funding

UK Research & Innovation (UKRI) is working with the Government to develop a plan for how best to meet the Government’s target for the UK to increase investment in research and development (R&D) to 2.4% of GDP by 2027, and by 3% in the future. UKRI is also examining “what constitutes reasonable balance” of R&D funding. Against this background, the Science and Technology Committee has launched an inquiry on the ‘balance and effectiveness of research and innovation spending’.

Read the consultation response YU submitted to the House of Commons Science and Technology Select Committee here.

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Does Yorkshire get a fair deal from the Treasury?

Dr Peter O’Brien, Executive Director

On Tuesday, most children, including my two daughters, went back to school following the summer holidays. The same day, I was at Westminster, where a new term had started for parliamentarians about to embark upon one of the most crucial periods in the UK’s recent history, as the county leaves the European Union at the end of March 2019.

I was in London to attend a meeting of the All Party Parliamentary Group (APPG) for Yorkshire and North Lincolnshire, which had been called to discuss the balance of public investment made by central government in Yorkshire, compared to the rest of the country, and in particular London, and whether Yorkshire receives a ‘fair deal’ from the Treasury.

Read moreDoes Yorkshire get a fair deal from the Treasury?

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Smart(er) Cities

Dr Peter O’Brien, Executive Director

Last week’s publication of a new report by the All Party Parliamentary Group (APPG) for Smart Cities illustrates perfectly the importance of defining smart technology in urban metropolitan settings as a multi and inter-disciplinary venture requiring co-investment and co-ordination between science, technology, governance and civic engagement. Here, universities are uniquely-equipped to make major contributions within and across these areas.

Read moreSmart(er) Cities

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HEPI, LEO and VFM

Monika Antal, Executive Manager

Last week I attended the Hepi Annual Conference in London. Sam Gyimah MP, Minister of State for Universities, Science, Research and Innovation, opened the event with a keynote speech that focused on value for money, innovation and transparency.

The minister began by calling on universities to “focus relentlessly on value for money”. By value for money, the assumption was that value for money should be measured, in part, by graduate earnings, which just happened to be the subject of a new report published the same day by the Institute for Fiscal Studies/Department for Education looking at relative labour market returns to undergraduate degrees, and which draws heavily upon Longitudinal Educational Outcomes (LEO) data.

Read moreHEPI, LEO and VFM

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