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Public Spending on Science and Research. Dr Graeme Reid CaSE Roundtable 25 May 2012. The Economic Context. Increasing competition. Source: World Bank, PWC model estimates for 2050. Recessions. Recovery from UK Recessions. (100 = quarter prior to 1st quarter of contraction). 110. - PowerPoint PPT Presentation
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Public Spending on Science and Research
Dr Graeme Reid
CaSE Roundtable 25 May 2012
The Economic Context
Increasing competition
Source: World Bank, PWC model estimates for 2050
1980 rank GDP at PPP* 2009 rank GDP at PPP* 2050 rank
Projected GDP at PPP*
1 US $5,796bn 1 US $14,256bn 1 China $59,475bn
2 Japan $2,193bn 2 China $8,888bn 2 India $43,180bn
3 Germany $1,633bn 3 Japan $4,138bn 3 US $37,876bn
4 France $1,118bn 4 India $3,752bn 4 Brazil $9,762bn
5 Italy $1,062bn 5 Germany $2,984bn 5 Japan $7,664bn
6 UK $979bn 6 Russia $2,687bn 6 Russia $7,559bn
7 Brazil $921bn 7 UK $2,257bn 7 Mexico $6,682bn
8 Mexico $704bn 8 France $2,172bn 8 Indonesia $6,205bn
9 India $615bn 9 Brazil $2,020bn 9 Germany $5,707bn
10 Spain $575bn 10 Italy $1,922bn 10 UK $5,628bn
11 Canada $567bn 11 Mexico $1,540bn 11 France $5,344bn
12 China $514bn 12 Spain $1,496bn 12 Turkey $5,298bn
Recessions
Source: ONS, OBR
Recovery from UK Recessions(100 = quarter prior to 1st quarter of contraction)
92
94
96
98
100
102
104
106
108
110
Q0 Q2 Q4 Q6 Q8 Q10 Q12 Q14 Q16 Q18 Q20 Q22 Q24
GD
P In
dex
2008 OBR forecast (Mar 2012)
1990 1980
1973 1930s
2012 Q12014 Q1
The Role of Science and Research
Economic and social impact
Delivering highly skilled peopleto 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
Economicand Social
Impact
Economicand Social
Impact
The UK Government’s Response
Cash changes for main Departments over the 2010 Spending Review period
FCOJu
stice
DCMS
Loca
l Gov
t
DEFRAIn
tellig
ence
DfID
BIS (t
otal)
DECC
Home
Office
Trans
port
Health
DWP
Educa
tion
Defen
ce
Scien
ce &
Res
earc
h
HMRC
-40.0%
-30.0%
-20.0%
-10.0%
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
£50m to commercialisegraphene ▪ £145m forhigh performancecomputing(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– BusinessCollaboration (February 2012)
£100m University ResearchCo-Investment Funding
(2012 Budget)
What happens next?
• Triennial Review of the Research Councils
• Spending Review?
• Growth Agenda and the Heseltine review
Issues
• Science and Research vs. specialisms
• Impact now
• Efficiency
• Capital investment
• Leverage