UK Parliament: Science and Technology Committee Call for Evidence for a new UK Research Funding Agency
- Published: Monday, 03 August 2020 09:41
- Written by National Centre for Universities and Business
House of Commons Science and Technology Select Committee launched an inquiry on the nature and purpose of the newly proposed UK funding agency, which is modelled on the US Advanced Research Projects Agency (ARPA), and how it will fit into the existing research and innovation ecosystem.
Set against the UK Government commitment to increase investment in R&D to 2.4% of GDP by 2027 and increase public funding for R&D to £22 billion per year by 2024 to 2025, the UK parliament’s proposal to establish an ARPA style agency has the potential to drive and support breakthrough innovative technologies and basic research through de-risking R&D investment across long-term time horizons.
Driving forward the UK’s strong position in research and innovation can only be facilitated through persistent efforts to improve the many ways in which the academic and business worlds bring benefit to one another. Against this background, the National Centre for Universities and Business (NCUB) was launched in April 2013, and works together with member universities and businesses to achieve growth and prosperity. Uniquely in the UK, the National Centre focuses exclusively on understanding and improving the relationship between businesses and universities.
Success for the proposed ARPA-style funding agency is no exception to the need to involve both universities and industry, relying on public funding for early- stage innovation but in the longer-term leveraging private investment, positioning the nation to take on the big societal challenges such as the Covid health crisis, climate emergency, ageing population and many more.
Our responses to the questions below are informed by our unique member perspective, championing the role of university and business partnerships and acting as a trusted advisor to Government.
To read the NCUB's consultation response see here: pdf NCUB response to ARPA July 2020 (233 KB)