Consultations: Science and Innovation

Name: Science and Innovation: Working Towards a Ten-Year Investment Framework 2004 - 2014 Source: HM Treasury, Department of Trade and Industry, Department for Education and Skills Date: April 2004

In January 2004, the Chancellor of the Exchequer announced that the Government would develop, as part of the Spending Review 2004 outcome later this summer, a ten-year investment framework for public and private investment in UK science and innovation to provide a secure medium-term platform for innovation and productivity growth.

In April, the Government launched their consultation on this framework. This document sets out the Government's emerging thoughts on the economic and financial context for the proposed investment framework, and a number of policy issues, alongside the ambitions they envisage for science over the next ten years, being:

• World class excellence from the very best centers of science and technology, driven by competition for funding and talent
• A dynamic research base that meets the needs of both public and private funders and is managed effectively to achieve financial sustainability
• Greater collaboration between universities and business to provide a sharper focus for research and an impetus to innovation and productivity growth
• Better commercial translation of leading edge technologies into applications in business and the public sector
• The science and technology skills that our businesses and public services will need over the next decade, underpinned by excellent teaching in schools to engage the next generation of workers in the knowledge economy
• And a society that is confident about the regulation and use of science and technology