Policy

Investing in research, development and innovation

Issue

The UK excels in research, development and innovation, and innovative companies are an important contributor to economic growth. We want to use our talent to make the UK the best place in the world to run an innovative business or service.

Actions

We are:

National Academies

We are also responsible for government funding of important programmes run by the UK’s 4 National Academies These include research fellowships that allow the most capable academics to work full-time on research. This in turn helps maintain excellence in the UK research base and secures future economic returns from our investment in science and research.

Royal Society – the UK’s national academy of science British Academy – promotes the humanities and social sciences Royal Academy of Engineering – the UK’s national academy of engineering Academy of Medical Sciences – promotes medical sciences and its translation into benefits for society

Background

We published the Innovation and research strategy for growth on 8 December 2011. The main aim of the strategy is to support business research and development in areas where the UK excels.