Support us | Visit us | Contact us
05 December 2012
The Chancellor of the Exchequer has today announced an additional £600million of capital investment in science over the next three years.
Paul Nurse, President of the Royal Society has welcomed the additional cash which builds on George Osborne’s recent speech at the Royal Society where the Chancellor celebrated British Science and committed to doing more to back it.
Paul Nurse said: “Innovation is the key to sustainable economic growth for the UK and science is the raw material of innovation. The Chancellor clearly understands this and his ongoing commitment to investing in science, despite the difficult financial circumstances, is very welcome. We have some way to go to match the public and private investment levels in research and development of some of our competitor economies but we have the advantage of already being truly world class in many areas of science. The announcement today of an additional £600 million of capital investment will hopefully help ensure that our world leading scientists have world leading facilities with which to work.
“In a speech at the Royal Society last month the Chancellor identified eight areas where he believes the UK already has an edge and these are undoubtedly areas where we are strong and have the potential for application. However, we must also make sure that we maintain capital and other support across a broad range of science. We must not narrow our focus too much and risk sacrificing the ideas that will create growth decades from now.”
Learn about our mission to expand the frontiers of knowledge.
Explore our annual science exhibition
The Government’s spending decisions for the financial year 2015-16 provide an important opportunity to strengthen the role of research and innovation as drivers of UK growth and competitiveness, according to the UK’s four national academies, including the Royal Society.
A paper published in Biology Letters today reveals a new species of ichthyosaur (a dolphin-like marine reptile from the age of dinosaurs) which revolutionises our understanding of their evolution and extinction.
Pioneers of the Internet, computing, climate modelling and virtual surgery are just some of the experts who have been announced as new Fellows of the Royal Society today (3 May 2013).
For a full archive please see the news pages.
Latest press releases about our activities.
Announcements about articles in our journals.
There are about 1,450 Fellows and Foreign Members.
We have had 350 years at the heart of scientific progress.
Contact the Society's press team.