The UK authorities has launched a new Innovation Strategy aiming to “put innovation at the heart of growth”, which is able to embody “innovation missions” recognized by science and know-how advisers to the prime minister.
The Innovation Strategy, introduced on 22 July, succeeds the short-lived Industrial Strategy drawn up beneath the Theresa May authorities. It is billed as serving to to drive the federal government’s intention for levelling up within the UK areas and post-pandemic restoration.
The Department for Business, Energy and Industrial Strategy (BEIS) mentioned the strategy can be key as the federal government implements its pledge to increase analysis and growth spending to £22 billion, however would additionally intention to drive personal sector funding in R&D.
Within the strategy, the federal government will specify “innovation missions” to “set clear direction, urgency and pace on the issues confronting the UK that we want to tackle with the private sector in the coming years”, BEIS mentioned. These will probably be decided by the brand new National Science and Technology Council, a plan for which was just lately introduced by Boris Johnson, and supported by the Office for Science and Technology Strategy.
The authorities can also be outlining seven “strategic technologies” to prioritise the place the UK “has globally competitive R&D and industrial strength and that will transform our economy in the future”: superior supplies and manufacturing; AI, digital and superior computing; bioinformatics and genomics; engineering biology; electronics, photonics and quantum; vitality and atmosphere applied sciences; and robotics and sensible machines.
Kwasi Kwarteng, the enterprise secretary, has requested Innovate UK and UK Research and Innovation to “operationalise” the strategy.
The authorities will “work with universities and other research organisations, charities, Catapults, public sector research establishments and research and innovation institutes who will all play a key role in implementation of the strategy”, BEIS mentioned.
Five initiatives will obtain a share of £127 million by UKRI’s Strength in Places Fund, together with £22.6 million for a sophisticated equipment and productiveness initiative within the north of England.
The strategy units out plans in 4 areas:
- “unleashing business”, by “fuelling businesses who want to innovate by ensuring effective access to private and public investment”
- “people”, creating “the most exciting place in the world for talented innovators”
- “institutions and places”, guaranteeing R&D establishments “serve the needs of businesses and promoting innovation in places across the UK”
- “missions and technologies”, “stimulating innovation in technology and missions that will provide the UK with a strategic advantage and will be critical to tackling some of our greatest challenges”.
Mr Kwarteng mentioned international locations that lead in “transformational technologies will lead the world, enjoying unrivalled growth, security and prosperity for decades to come – and it’s our job to ensure the UK keeps pace with the global innovation race”.
Tim Bradshaw, chief govt of the Russell Group, mentioned: “In the government’s new strategy, we welcome the emphasis on innovation funds like Connecting Capabilities and Strength in Places, which help boost university-business collaboration and support innovative businesses across the UK to capitalise on emerging technologies in areas of national importance. Looking ahead to the CSR [comprehensive spending review] scaling up these types of innovation schemes should be a priority.”
He added: “We hope the government will also take the opportunity to help unlock the potential of the UK’s regions by supporting existing and new regional innovation clusters with research-intensive universities at their heart, which have proven success in bringing high-skilled jobs and investment to all regions of the country.”