CaSE has today welcomed the Chancellor George Osborne’s speech at the Royal Society, in which he highlighted the critical role of science in ensuring economic growth and social wellbeing.
In particular, the announcement of an additional £60 million over five years for the UK’s commitment through the European Space Agency will ensure the UK remains a leader in space science.
Speaking after the event CaSE Director Imran Khan said:
“It’s great to see the Chancellor taking a personal interest in British science and engineering. He is entirely right that the UK must become a high-tech economy, and that doing so will depend on our scientific and technological advances.
“Osborne is saying all the right things – especially that science needs long-term support, and that is critical in ensuring our economic recovery. We hope that what he’s said today will be reflected in future decisions on spending as well. The forthcoming auction of the 4G spectrum auction will be a good test – that £4bn-ish revenues are a return on past investment in science and technology, and should be reinvested. The joint Campaign for Science and Engineering and Nesta report, 4Growth, sets out exactly what the Government should do with the money.”