UK progress on research spending goal ¡®26 years behind schedule¡¯

An ambitious target to raise UK research and development spending to 2.4 per cent of gross domestic product will not be reached until 2053 at 바카라사이트 current rate of progress, business leaders have warned.

The government set itself 바카라사이트 goal of reaching this level of public and private sector spending by 2027 in its industrial strategy two years ago, with 바카라사이트 aim of eventually increasing this to 3 per cent of GDP.

But progress has been slow, and both industry and universities have complained of 바카라사이트 difficulties involved in setting up successful collaborations. Now, 바카라사이트 Confederation of British Industry says that 바카라사이트 UK risks falling short of that target by 26 years.

In a report published on 14 May, The Changing Nature of R&D, 바카라사이트 CBI calls on 바카라사이트 government to ¡°take 바카라사이트 lead¡± in meeting 바카라사이트 2.4 per cent investment target by ¡°publishing a comprehensive roadmap¡±, enabling industry leaders to work more efficiently towards that goal.

The report, published by 바카라사이트 CBI with 바카라사이트 University of Leeds for 바카라사이트 launch of 바카라사이트 institution¡¯s ?40 million Nexus innovation hub, makes a number of recommendations to alter this trajectory.

With research and development experiencing a shift towards software and services, industry-led research must make better use of data and ¡°exploit opportunities to access new data¡±, 바카라사이트 report suggests.

The establishment of a new ¡°business advisory group¡± for public funding overseer, UK Research and Innovation, could also help to inform strategy, 바카라사이트 report suggests, and ¡°help ensure that innovation support is keeping pace with business priorities and needs¡±.

Universities should also act to increase 바카라사이트 visibility of opportunities for businesses to connect, making collaborations simpler, 바카라사이트 report concludes.

Lisa Roberts, deputy vice-chancellor for research and innovation at Leeds, said that improved harnessing of data would ¡°supercharge R&D¡± for businesses. She also stressed ¡°바카라사이트 vital role universities have to play in supporting innovation and productivity¡­There has never been a better time for universities and businesses to collaborate to ensure we meet 바카라사이트 2.4 per cent target.¡±

Earlier this month, Chris Skidmore, 바카라사이트 universities and science minister?called for a change in attitude surrounding science and innovation?across higher education and industry. For 바카라사이트 2.4 per cent target to be reached by 2027, he said, ¡°we need to stop talking about jobs outside academia as being ¡®second-choice careers¡¯ or ¡®Plan B options¡¯¡±.

An additional 260,000 researchers will be needed to work in R&D across universities and businesses if 바카라사이트 UK is to meet its targets, he added.

rachael.pells@ws-2000.com