The contribution of business is vital if the UK is to meet its target of R&D investment reaching 2.4 percent of GDP by 2027. International comparisons suggest that this is an ambitious target, that will be difficult to meet: achieving R&D funding goals is the exception rather than the norm. Adão Carvalho assessed how effective R&D intensity policies were across 45 countries, and found that 84 percent missed their targets. For 17 percent of countries, R&D intensity actually decreased over the period of the target.
As published on HEPI on 3 June 2021.
This blog was contributed by Dr Annette Bramley, Director, N8 Research Partnership and Dr Peter O’Brien, Executive Director, Yorkshire Universities. This blog is in response to the recent HEPI report on Regional Policy and R&D. You can find Annette and Peter on Twitter @AnnetteB_N8 and @obrienpeter72.
As published by HEPI on 14 May 2021
This blog has been kindly contributed by Dr Diana Beech, Chief Executive Officer of London Higher, and Dr Peter O’Brien, Executive Director of Yorkshire Universities – the umbrella bodies representing universities and higher education colleges across their respective regions. You can find Diana and Peter on Twitter at @dianajbeech and @obrienpeter72
Here you can read the YU response to the UK R&D consultation in full.
Yesterday I attended the annual conference of the Yorkshire and Humber Academic Health Science Network (AHSN), in Leeds, entitled, ‘Transforming Lives Through Innovation’. The previous day I was at the White Rose Consortium’s Industrial Strategy ‘Working in Partnership’ final conference, which showcased the contribution of the social sciences to meeting industrial strategy opportunities and challenges. The timing of the two conferences came a matter of hours after the first of four speeches by the Universities Minister, Chris Skidmore, setting out how the Government intends to achieve its ‘2.4% R&D/innovation investment’ target by 2027.
Last week saw the House of Commons Science and Technology Select Committee hold its final evidence session, as part of the Committee’s inquiry into the ‘balance and effectiveness of R&D expenditure’. In evidence to the Committee, Yorkshire Universities highlighted ten issues that might help government and its agencies create and sustain a more spatially-balanced approach to R&D and innovation activity and investment.