Industrial strategy boosts university-industry engagement funding

Industrial strategy boosts university-industry engagement funding

"The white paper acts as a good foundation for a new partnership with industry where Government and business can ensure consistency in policy thinking and implementation to ensure the United Kingdom is world leader in these new technologies".

But the Government's 255-page new strategy said that by 2046, almost 25 per cent of the population will be over 65.

Mr Clark said the new industrial strategy would strengthen infrastructure and the business environment in an effort to improve productivity.

Alongside the Life Sciences Sector Deal, government will confirm it has agreed deals with construction, artificial intelligence and automotive. "Placing people, skills, infrastructure, place and ideas at the heart of this strategy is right thing to do to raise living standards across the United Kingdom".

The government had already previously committed £1 billion to the first wave of Industrial Strategy Challenge Fund projects, including investing £246m in next generation battery technology and £86 million in robotics hubs across the UK. Today's announcement must be the beginning of a strategic race, not a tactical sprint.

"Business will welcome this new opportunity to work with the Government on the four Grand Challenges.

A new United Kingdom location will enable us to build on our proud legacy of invention and be an important contributor to the vibrant and rapidly growing United Kingdom life sciences community, while providing access for more collaborations within the European life science ecosystem".

"Reforming the Apprenticeship Levy, and addressing challenges in schools are vital parts of a long term Industrial Strategy".

Nuclear and offshore wind will still be in the centre of the country's low-carbon energy policy, as the government pledges to pursue further opportunities for clean heating and potential uses of hydrogen.

The NHS has a proud history of spearheading medical innovation and today's investment in our strong and growing life sciences sector will see patients in the United Kingdom continue to benefit from world-leading research and pioneering medicines.

"We have a thriving research and science base and are home to a wide range of innovative sectors, from advanced manufacturing and life sciences, to fintech and creative industries", said Business Secretary Greg Clark.

Theresa May said the blueprint would help to shape a stronger and fairer economy for decades.

The company said it viewed Britain as a world-leader in science, although a spokeswoman said Brexit raised "some very real concerns" for the supply chain, drug regulation and the ability to attract talent to Britain.

It is intended that the UK Discovery Centre will become the location for MSD's UK HQ, making the central London site a unique location within the UK pharmaceutical sector.

This could mean an extra £80bn investment in advanced technology, according to government estimates.

"The Industrial Strategy is an unashamedly ambitious vision for the future of our country, laying out how we tackle our productivity challenge, earn our way in the future, and improve living standards across the country".

This stems from the 2,000 responses the government received to its original green paper, published earlier this year, which suggested that it takes a whole systems approach to the energy market.

These challenges being guaranteeing the mobility of workers and goods, securing clean growth, dealing with an ageing population, and the opportunities offered by artificial intelligence and the digital revolution.

Each "Grand Challenge" represents an open invitation to business, academia and civil society to work and engage with the government to innovate, develop new technologies and ensure the United Kingdom seizes these global opportunities.

Related Articles