Industrial strategy promises major boost to United Kingdom training and research

28 November, 2017, 01:26 | Author: Irene Delgado
  • Greg Clark the former Communities Secretary

The strategy is also created to encourage private sector investment and the government announced today that it has secured a major strategic investment into United Kingdom by world leading life sciences company MSD.

The Government has vowed to spend 2.4% of GDP on R&D by 2027, which it hopes will an extra £80bn in advanced technology in the next 10 years.

But the Government's 255-page new strategy said that by 2046, almost 25 per cent of the population will be over 65.

She said: "Nothing in the White Paper will help give businesses the certainty or incentives they need to invest in the face of the Government's catastrophic handling of Brexit".

According to the United Kingdom government, the deal with MSD is one of four new agreements, with the others covering construction, artificial intelligence and automotive.

The government will invest a further £725 million over the next three years in the Industrial Strategy Challenge Fund, to be matched by private investment, to support these grand challenges. Today's announcement must be the beginning of a strategic race, not a tactical sprint.

"This investment presents a major opportunity for us to work in collaboration with the UK Government to build on the forward thinking and ambitious Industrial Strategy White Paper published by the Government".

Gas prices have fallen 40 cents in the last three weeks
AAA Northeast said Monday in its weekly survey that self-serve, regular unleaded is averaging $2.60 per gallon. AAA found self-serve, regular gasoline selling for as low as $2.33 per gallon and as high as $2.65 in MA .


Tai Tzu Ying beats PV Sindhu in Hong Kong Super Series final
Indian shuttler PV Sindhu defeated Akane Yamaguchi of Japan to enter the semi-final of the Hong Kong Open Superseries on Friday. The Thai constructed another post with an angled shot to draw Sindhu near the court and then produced a victor on her backhand.


Raiders' Michael Crabtree, Broncos' Aqib Talib ejected after fight
Raiders players began pushing the Denver players circled around Crabtree, leading to a brawl between the teams. He kept blocking Talib even on the sidelines, which led to other players getting physical on the sideline.


Unveiling the Strategy this morning, BEIS Secretary Clark said: "The way we earn and live our lives as workers, citizens and consumers is being transformed by new technologies". The green paper was announced to much fanfare earlier this year, however our recent Future Attitudes study, which surveyed over a thousand senior SME decision makers across the United Kingdom, revealed an astonishing lack of awareness about the Strategy, with fewer than three in ten (29 per cent) small and medium-sized enterprises claiming to have heard about it...

Nuclear and offshore wind will still be in the centre of the country's low-carbon energy policy, as the government pledges to pursue further opportunities for clean heating and potential uses of hydrogen.

"Investments by world-renowned companies like MSD and QIAGEN demonstrate that the UK's science base is truly world-leading and an exceptional national strength".

It is intended that the UK Discovery Centre will become the location for MSD's UK HQ, making the central London site a unique location within the UK pharmaceutical sector. And German diagnostics expert Qiagen will spend billions on a campus in Manchester to lead work on genomics, creating 800 jobs. This could mean around £80 billion of additional investment in advanced technology in the next decade, helping to transform whole sectors, create new industries, and support innovation across the country.

CEO Dr Colin Church says "CIWM was looking for the Industrial Strategy White Paper to recognise the role improving resource productivity can play in helping the United Kingdom economy meet the challenges it faces".

Louise Houson, managing director of MSD in the United Kingdom and Ireland, said: "We believe London to be a unique bioscience centre of excellence and a key component of the established golden triangle for academic science of London-Oxford-Cambridge". Government will be working with industry and academia to deliver this goal. Two of the five "foundations" of Clark's strategy are people and places, and of the four "grand challenges" two are our ageing society and clean growth.

In addition to stating that these challenges will shape our ever changing future, the Government also believe that they represent a chance for United Kingdom business, academia and civil society to work collaboratively and take advantage of these opportunities through harnessing technology.

Recommended:



Popular

Govs face UCLA in NCAA Volleyball Tournament's first round
The Pioneers' current RPI (55) is the highest end-of-season RPI in program history, which earned them a No. 3 seed in the region. Western Kentucky earned its league's automatic bid after winning the Conference USA Tournament for the fourth-consecutive season.

Roy Moore for Alabama governor? (Maybe)
The move comes as allegations of sexual misconduct against the Alabama Republican continue to roil his campaign. A tape was also released catching him boasting in 2005 that he could grab women's private parts with impunity.

Derrick Rose Rumors: Cavaliers Star Communicating with Team, Future 'Unclear'
He has not played for the Cavs since. "I loved playing there even though we lost", Rose said in October. Last week, Coach Tyronn Lue announced Rose, 29, would miss at least two weeks with the ankle injury .

Brexit dashes Dundee European Capital of Culture bid
The arts lobbying organisation, the Creative Industries Federation , says in a statement that it is "gutted" by the decision. After Liverpool won the Europe-wide competition, the United Kingdom launched its own City of Culture initiative in 2009.

Parliament's winter session from December 15
Ananth Kumar requested political parties to cooperate and make the winter session successful and fruitful. December 25, which falls on Monday and December 26 will be holiday on account of Christmas.

Group: Pledge to ease Yemen blockade falls short
The war has killed more than 10,000 Yemenis, mostly civilians, and displaced over 3 million, according to humanitarian agencies. The Saudi-led coalition fighting rebels in Yemen has pledged to reopen the country's main airport, as well as two main ports.

Injuries, suspensions and line-up vs Chelsea — Liverpool Team News
Harry Kane was below his best as Tottenham were beaten 2-0 by Arsenal at the weekend. Last season they won the league comfortably because of Conte's managing, I think.

This PS4 Slim price-crash over at Amazon is unmissable for gamers
You're going to want to get the largest memory card you can afford for your Nintendo Switch, so we've got the best deals around. But stock is selling out fast, especially at John Lewis, where all but two Nintendo Switch gaming offers are still available.

Militants assault worshippers in Sinai, killing at least 85
He affirmed his confidence that Egypt is capable of winning the war against terrorism and eradicating it, a spokesman said. The terror attack has drawn widespread local and global condemnation as cowardly act of terrorism.

There is Good News to Share About Coffee!
However, But Prof Paul Roderick, co-author of the study, said it was hard to ascertain whether coffee had made the difference. Until recently people were warned against drinking more than a few cups of coffee a day, for fear that it might cause cancer.