1. Public Spending on Science and Research Dr Graeme Reid CaSE Roundtable 25 May 2012

2. The Economic Context

3. Increasing competition Source: World Bank, PWC model estimates for 2050 1980 rankGDP at PPP*2009 rankGDP at PPP*2050 rank Projected GDP at PPP* 1US$5,796bn1US$14,256bn1China$59,475bn 2Japan$2,193bn2China$8,888bn2India$43,180bn 3Germany$1,633bn3Japan$4,138bn3US$37,876bn 4France$1,118bn4India$3,752bn4Brazil$9,762bn 5Italy$1,062bn5Germany$2,984bn5Japan$7,664bn 6UK$979bn 6Russia$2,687bn6Russia$7,559bn 7Brazil$921bn 7UK$2,257bn 7Mexico$6,682bn 8Mexico$704bn8France$2,172bn8Indonesia$6,205bn 9India$615bn9Brazil$2,020bn9Germany$5,707bn 10Spain$575bn10Italy$1,922bn 10UK$5,628bn 11Canada$567bn11Mexico$1,540bn11France$5,344bn 12China$514bn12Spain$1,496bn12Turkey$5,298bn

4. Recessions Source: ONS, OBR

5. The Role of Science and Research

6. Economic and social impact Delivering highly skilled people to the labour market Improving the performance of existing businesses Improving public policy and public services Attracting R&D investment from global business Creating new businesses Economic and Social Impact Economic and Social Impact

7. The UK Government’s Response

8. Cash changes for main Departments over the 2010 Spending Review period

9. £50m to commercialise graphene ▪ £145m for high performance computing ( October 2011) £100m for Research & Innovation Campuses (2011 Budget) £200m of new science capital funding (Autumn Statement, 2011) Innovation and Research Strategy for Growth (December 2011) Wilson Review of University– Business Collaboration (February 2012) £100m University Research Co-Investment Funding (2012 Budget)

10. What happens next? Triennial Review of the Research Councils Spending Review? Growth Agenda and the Heseltine review

11. Issues Science and Research vs. specialisms Impact now Efficiency Capital investment Leverage