Building a strong reputation for converting invention into economic gain, the UK is currently ranked second in the world for innovation – a primary driver of inward investment. Every pound invested in R&D returns 20-30p annually, building a knowledge economy which supports a third of our businesses and pays 40% higher than the average wage. …
We’ve heard chancellor George Osborne refer to science as “a personal priority”and prime minster David Cameron talk about life sciences as “a jewel in the crown of our economy”, but there is still the ever-present threat of underinvestment, leaving the UK in danger of falling behind. The UK science base stems from a long history of publicly-supported research and to protect our position as a world-leading knowledge economy, a long-term plan is most certainly needed. Link