Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Tech Nation calls for R&D cuts to be spared

by October 31, 2022
October 31, 2022
Tech Nation calls for R&D cuts to be spared

Amidst concerns that R&D might be cut, we are urging the Government that R&D funding must be protected to help drive an innovation-led recovery and economy.

We need to see a recommitment to the 2021 Conservative government spending review pledge to increase funding for R&D by £5bn to £20bn a year by 2024-5.

A report from the IPPR last week suggests the UK lags £62 billion behind in R&D, with investment falling by a fifth since 2014 and with the UK now placing just 11th in the OECD in terms of total R&D investment as a percentage of GDP, well behind countries like Austria, Switzerland and the USA.

We are entering an era where we have a number of emerging technologies approaching tipping points as costs drop, unleashing demand across sectors and spawning more innovation.

UK deep tech investment has increased 33x since 2011, topping $8.5bn in 2021 where megarounds of over $250mn contributed heavily to the total. There has been rapid growth in investor appetite for deep tech, but growth remains nascent compared to opportunity. It is imperative we match the rhetoric ambition of making the UK a ‘forward facing, science superpower’ with the R&D commitment needed to achieve this.

Deep Technology scaleups push the boundaries of research & science. A symptom of their nature is they take longer to commercialise, and with this in mind we must provide more support to help them continue disrupting markets.

COP27 focuses the mind; new technology development is critical for solving acute global challenges such as carbon reduction and climate change, and deep tech will be an ever more essential component of the tech ecosystem.

Read more:
Tech Nation calls for R&D cuts to be spared

0
FacebookTwitterGoogle +Pinterest
previous post
FOX News Affiliate Forced to Retract Report that Pelosi and DePape were Found in their Underwear – Another Pelosi Wrap-Up Smear?
next post
Bank of England, Home Office, MI5 and News Corp HQ targeted by Just Stop Oil vandalism

You may also like

Amazon latest tech giant to announce AI chatbot

November 29, 2023

UK SMEs risk losing out on £47bn in...

March 2, 2025

Nationwide Building Society Announces Third Round of Job...

February 24, 2024

UK at ‘massive global disadvantage’ over tourist tax,...

October 21, 2024

Your survival guide to the office Christmas party

December 14, 2023

Getting to Know You: Cesar Ramirez, President of...

May 5, 2023

Hospitality and retail jobs plummet since Rachel Reeves’s...

July 18, 2025

UK and Spain emerge as top investment destinations...

July 18, 2024

FSB launches ‘Sunshine List’ of ideas to empower...

June 2, 2023

Labour unveils floating wind farm plans to boost...

March 25, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Inside the Biden cover-up probe: 8 aides questioned, more on the way

      August 2, 2025
    • BROADCAST BIAS: ABC compares Sydney Sweeney ad to Nazis as networks go nuts about her ‘genes’

      August 2, 2025
    • Jeremy Hunt: ‘We’re over-medicalising anxiety and depression with sick notes’

      August 2, 2025
    • Cambodia to nominate Trump for Nobel Peace Prize for role in ending country’s conflict with Thailand

      August 2, 2025
    • WATCH: Trump says he is hopeful Hillary Clinton will be investigated for election fraud

      August 1, 2025
    • Trump moves nuclear submarines weeks after praising sub’s power in Iran strikes

      August 1, 2025

    Categories

    • Business (8,652)
    • Investing (2,168)
    • Politics (16,284)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved