IOA joins call on Government to support research and development

As the budget approaches, the IOA has joined The Campaign for Science and Engineering (CaSE) and leading organisations in the research and development (R&D) sector in writing to the Chancellor  Rachel Reeves.  The organisations are urging the Chancellor to consider the vital role R&D will play in the Government’s long-term plans to grow the economy, increasing jobs and productivity. Recognising that public spending is under pressure, there is a risk that short-term thinking now could damage the UK’s capacity for long-term growth and ambitions around its Industrial Strategy. The letter urges government to use the budget to commit to continued investment in R&D and signal, at home and abroad, that the UK is serious about R&D’s role in contributing to sustained economic growth. It states that doing so will fuel economic growth and boost productivity, enabling researchers and innovators to continue driving the high-skill sectors and cutting-edge technologies that will help shape the UK’s future.

Full letter: https://www.sciencecampaign.org.uk/press/detail/rd-vital-to-achieving-the-governments-economic-ambitions-say-sector-leaders/