IPEM signs cross-sector call for the UK to be a leading country in R&D investment

26/03/204

IPEM has joined with other organisations in calling for the UK to be a leading country in the G7 on research and development investment.

The Campaign for Science and Engineering (CaSE), of which IPEM is a member, led on the call, which was developed by a cross section of organisations and signed by a host of professional bodies, universities and charities.

The statement says: ‘We are united in a belief in the importance of ambitious, long-term, and sustainable investment in Research and Development (R&D) for the future of the United Kingdom.

‘R&D is the foundation upon which the UK’s economic prosperity, well-being, and global competitiveness rest. A sustained increase in government R&D investment creates the stability to pursue big ideas, discoveries, and innovations that improve UK public services and make the world a better place for the next generation.

‘Such investment will instil confidence in the UK as a place to do business, drive growth, prosperity, and allow the UK to lead on the transition to net zero while tackling threats to health, wellbeing and quality of life across the UK. A majority of the public think that new research has a role to play in solving society’s challenges; 77% say new research is an essential or important part of solving the problem of climate change and 80% for securing the UK’s energy supply and lowering the cost of energy bills.

‘The UK should be a leading country in the G7 on R&D investment. We want to see political parties commit to investing in and nurturing a culture of research and innovation, ensuring the UK continues to attract private, philanthropic, and charity investment as well as the most talented researchers from around the world.’