Sector News

Government announces £200m investment for Technology and Innovation Centres

Today, the Prime Minister announced in a speech to the CBI that more than £200m will be invested by the Government in a network of elite Technology and Innovation Centres to drive growth in the UK’s most high-tech industries.  Bridging the gap between universities and businesses and helping to commercialise the outputs of Britain’s world-class research base.   Click here for the announcement from BIS

Comprehensive Spending Review protects science and research

Today, the government announced its four-year Comprehensive Spending Review (CSR) in which it stated that a ring fence will ensure continuity for investment in Science and Research – following through on its pledge to protect, as far as possible, the spending that generates high economic returns.

To develop the sector’s contribution to economic growth, the Government plans to reform the Higher Education Innovation Fund to incentivise universities to increase commercial interaction between the research base and business. 

For more information:

Spending review spares science budget from deep cuts

The £4.6bn yearly spend on scientific research will be frozen for the review period, guaranteeing "flat cash" for universities and research councils, sources at the Department for Business Innovation and Skills told the Guardian.

The freeze corresponds to a cut in real terms, as inflation reduces the spending power of the budget year on year. The reduction after four years is expected to be around 10%.

AUTM: Statement on "Managing University Intellectual Property in the Public Interest" report

Dr. Ashley Stevens, President, Association of University Technology Mangers and Special Assistant to the Vice President for Research, Boston University

4 October 2010, The Association of University Technology Managers (AUTM) welcomes the issuance of “Managing University Intellectual Property in the Public Interest,” a new report released today by a committee of the National Research Council of the National Academies.

NESTA: Doing the business

The UK government has increasingly expected universities to develop stronger links with business. Such links are believed to contribute to innovation and economic growth, particularly regionally. Targeted funding by the Higher Education Funding Council for England has been provided to encourage innovative business links, which are often characterised by the development of specialist 'knowledge transfer' offices.

The Royal Society: makes case for investment in science

The Royal Society has written to the Government to make the case for investment rather than cuts to science funding in the next Comprehensive Spending Review.  The Submission was made at the request of Professor Adrian Smith FRS, Director General, Science and Research at the Department for Business, Innovation and Skills.