The fifth annual Science and Innovation Investment Framework 2004-2014

30th November 2009

The fifth annual Science and Innovation Investment Framework 2004-2014 report for 2009, published today by the Department for Business, Innovations and Skills (BIS) outlines the latest achievements which have helped the UK to remain a research world leader and emerge as a powerhouse for innovation.

Minister for Science and Innovation Lord Drayson has welcomed the report’s positive findings:

“The evidence is clear – record levels of investment have helped us to build a world-class, sustainable research base. However we need to maintain this progress and continue to invest in talent, science and innovation. Our future depends on it.”

The UK remains second only to US in worldwide scientific excellence, despite increasing competition from other countries. It is also the most efficient and productive nation for research in the G8.

The report sets out the department’s progress to date against the framework’s six aspirations contained within the framework and the proposals set out in the framework ‘Next Steps’ document published at Budget 2006.

Key highlights include:

·        The UK’s continued strong performance in delivering world class, sustainable research demonstrates that recent investments in research infrastructure have paid off;

·        Knowledge transfer and commercialisation activities from the science base have been firmly established across the university sector and within Research Councils. In particular, the numbers of spin-outs remain well ahead of the early nineties;

·        There has been encouraging increases in the proportion of young people reaching expected levels in science and mathematics. Applications for science, technology, engineering and mathematics (STEM) subjects at university have also grown;

·        The UK’s strengths in the services and creative industries – where innovation is less likely to be picked up in indicators such as R&D – mean that overall the UK’s innovation performance is under-stated.

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