Speaking this morning at the CBI Conference, the Business Secretary Vince Cable recognised the work of CaSE and Nesta in launching the ‘4Growth’ campaign – which calls on the Government to invest the proceeds from the forthcoming 4G spectrum auction in science and engineering.
In his keynote speech on promoting UK industry, the Business Secretary said:
We need to build on our excellence in science, and improve how we turn great ideas into great businesses – just last week the Chancellor laid out eight technologies where Britain could be a world leader. And you only need to look at the proposals coming out of NESTA and CaSE to show that there is no lack of opportunities.
We welcome the supportive statements made by the Business Secretary and his department.
Industry experts predict that up to £4billion could be raised by the Government in auctioning off the UK’s 4G mobile spectrum. CaSE and Nesta argues that the money, which is a return on past generations’ investment in science and technology, should be reinvested in helping the UK become a growing, high-tech economy. We have published a report which details how the government could make such proposals a reality.
We have also set up an online petition which you can sign, which backed by leading figures from the world of science and technology, including physicist Brian Cox, former President of the Royal Society Lord Martin Rees, Noble laureate Andre Geim, and doctor and author Ben Goldacre.
You can find out more about the campaign, the petition, and our backers at www.its4growth.co.uk. Please join our call – and encourage your friends and colleagues to do the same.