This week the Government launched the ‘Industrial Strategy: Building a Britain fit for the future’, setting out a long-term vision for how Britain can build on its economic strengths, address its productivity performance, embrace technological change, and boost the earning power of people across the UK.
The strategy identifies five foundations of productivity - ideas, people, infrastructure, business environment and places - and contains within it additional investment of £725M of funding for R&D focussed on the four grand challenges of artificial intelligence; clean growth; an ageing society; and future mobility.
This new investment will be managed by UKRI as part of the Industrial Strategy Challenge Fund, and recognises the importance of innovation within a competitive global economy.
Professor Pam Thomas, Pro-Vice-Chancellor (Research) said,
As a research-led university with a strong track record in collaboration, we have an important role to play in delivering the innovation goals of the Industrial Strategy, alongside our regional, national, and international partners. Warwick’s multi-disciplinary research environment aligns well to the four grand challenges, and the University will therefore take a proactive approach to our future engagement with the Industrial Strategy Challenge Fund.
Further detail on the Industrial Strategy can be found here