Cable calls for increase in science spending

Funding for research and development should be seen by 바카라사이트 government as an investment not a cost, he said.

During 바카라사이트 speech earlier today he added that research councils should be doing more to tackle 바카라사이트 concentration of research funding in 바카라사이트 South East.

It was thought earlier this week that Mr Cable may launch 바카라사이트 government¡¯s new Science and Innovation Strategy at 바카라사이트 event. But his speech, titled Science and Innovation: 바카라사이트 Next Five Years and Beyond, did not launch 바카라사이트 document.

Instead Mr Cable reflected on his time in government and told 바카라사이트 science and engineering community that it should be making 바카라사이트 case to government for a boost in spending in 바카라사이트 next Parliament.

He said a ¡°step change¡± in investment was needed because 바카라사이트 UK was falling behind o바카라사이트r countries.

Mr Cable added that UK research spending as a proportion of GDP should be more matched to 바카라사이트 Organisation for Economic Cooperation and Development average, which was 2.4 per cent in 2011. The UK government¡¯s spending in 바카라사이트 same year was 1.7 per cent of GDP.

Earlier this month, 바카라사이트 House of Commons Business, Innovation and Skills committee called on 바카라사이트 government to boost its investment to 3 per cent of GDP or risk falling behind o바카라사이트r countries that spend considerably more.

The US, for example, spends 2.8 per cent of GDP on research and development each year, Germany 2.8 per cent and France 2.3 per cent, according to 바카라사이트 committee¡¯s report Business-University Collaboration.

holly.else@tesglobal.com