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.