Chancellor champions science

26 June 2013

Today the Treasury announced a flat cash settlement of £4.6billion for the operational science budget with a commitment of £1.1billion a year in capital investment.

George Osborne

Paul Nurse, President of the Royal Society said:

“Last year the chancellor came to the Royal Society and gave a speech that put science and innovation at the heart of long term sustainable economic growth.  He was asked to provide the money to back that up and today he has done that.

“There is a growing consensus across parliament and in the business community that spending on science is an investment in the future.   The Government has protected its contribution and we now need to find ways to encourage greater commitment from industry, which is still under investing in research.

“In recent years science has suffered, as maintaining investment means a real terms cut due to inflation, but in the context of cuts elsewhere, science has been relatively protected  Today’s announcement should be seen as a foundation for a long term strategy of increased investment.  At present our economic competitors are outspending us in science but are not outperforming us.  If we want to stay ahead and build on our competitive advantage we need to not only match the investment of other countries but to surpass it.”

Share this page

Latest news

  • Making the UK the best place to do research and innovation 10 February 2015 The new Government elected in May 2015 has an opportunity to build on our strengths and help make the UK the best place in the world to do research and innovation according to a statement published by the National Academies.
  • Do drones bother birds? 04 February 2015 A paper in Biology Letters is the first to start work on a set of ethical guidelines of how drones can be used to monitor wild animals.

For a full archive please see the news pages.