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Public Spending on Science and Research

Public Spending on Science and Research. Dr Graeme Reid CaSE Roundtable 25 May 2012. The Economic Context. Increasing competition. Source: World Bank, PWC model estimates for 2050. Recessions. Recovery from UK Recessions. (100 = quarter prior to 1st quarter of contraction). 110.

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Public Spending on Science and Research

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  1. Public Spending on Science and Research Dr Graeme Reid CaSE Roundtable 25 May 2012

  2. The Economic Context

  3. Increasing competition Source: World Bank, PWC model estimates for 2050

  4. Recessions Recovery from UK Recessions (100 = quarter prior to 1st quarter of contraction) 110 108 106 104 102 GDP Index 100 98 96 2014 Q1 94 2012 Q1 92 Q0 Q2 Q4 Q6 Q8 Q10 Q12 Q14 Q16 Q18 Q20 Q22 Q24 2008 OBR forecast (Mar 2012) 1990 1980 1973 1930s Source: ONS, OBR

  5. The Role of Science and Research

  6. Economic and social impact Delivering highly skilled people to the labour market Improving the performance of existing businesses Economic and Social Impact Improving public policy and public services Creating new businesses Attracting R&D investment from global business

  7. The UK Government’s Response

  8. Cash changes for main Departments over the 2010 Spending Review period

  9. £100mfor Research & Innovation Campuses (2011 Budget) £50m to commercialise graphene ▪ £145m for high performance computing (October 2011) £200m of new science capital funding (Autumn Statement, 2011) Innovation and Research Strategy for Growth (December 2011) Wilson Review of University– Business Collaboration (February 2012) £100m University Research Co-Investment Funding (2012 Budget)

  10. What happens next? • Triennial Review of the Research Councils • Spending Review? • Growth Agenda and the Heseltine review

  11. Issues • Science and Research vs. specialisms • Impact now • Efficiency • Capital investment • Leverage

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