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16/03/2004
Brown pledges more investment for science
Ahead of tomorrow's budget announcement, Chancellor Gordon Brown has today pledged to increase funding investment for science and engineering. The Chancellor also launched a consultation with business, research foundations and the scientific community over a 10-year strategy for investment in science and engineering.
Gordon Brown said that the delivery of the objectives set out in the framework would depend on collaboration between government and business, research foundations and the investment community to ensure the overall level of investment required.
"Our final funding decisions will reflect the extent of the parallel commitments made by all the key players on research and development in the UK," the Chancellor said.
"So this is the challenge I am putting to all our partners, leading businesses and charities, today - with one ambition and purpose: to make Britain the best and most attractive location in the world for science and innovation."
A number of major companies, including GlaxoSmithkline, AstraZeneca, Shell, Vodafone, Amersham and Rolls Royce, are already in discussions with the government on how their commercial investment in research and innovation can partner public investment.
The 10-year framework will aim to make Britain one of the most competitive locations for science, research and development and for innovation, the Treasury said.
(gmcg)
Gordon Brown said that the delivery of the objectives set out in the framework would depend on collaboration between government and business, research foundations and the investment community to ensure the overall level of investment required.
"Our final funding decisions will reflect the extent of the parallel commitments made by all the key players on research and development in the UK," the Chancellor said.
"So this is the challenge I am putting to all our partners, leading businesses and charities, today - with one ambition and purpose: to make Britain the best and most attractive location in the world for science and innovation."
A number of major companies, including GlaxoSmithkline, AstraZeneca, Shell, Vodafone, Amersham and Rolls Royce, are already in discussions with the government on how their commercial investment in research and innovation can partner public investment.
The 10-year framework will aim to make Britain one of the most competitive locations for science, research and development and for innovation, the Treasury said.
(gmcg)
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