The UK has long held an international reputation for it’s science and technology sector. More recently the UK Government has further recognised the need to and the importance of increasing investment in this area as outlined in its Industrial Strategy. Looking to and learning from other leading world economies who have invested heavily in science and tech such as the US, China and Israel, the Government has made bold commitments to increasing spending on R&D to 2.4% of GDP laying out it’s Roadmap for UK R&D and the potential for an ARPA-style approach to funding innovation, similar to that of DARPA in the US. These measures clearly illustrate the level of confidence in the role that the science and tech sector can play in the UK’s economic recovery.
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