Lord Heseltine’s report sets out an economic strategy for national growth with science investment central to growth.
Lord Heseltine has published his review of UK industry and growth, and calls on the Government to produce a long term National Growth Strategy, and to devolve responsibility to Local Authorities and Local Enterprise Partnerships to identify and facilitate economic growth opportunities.
Among the recommendations in the independent review is for the Government to put investment in science at the heart of economic growth. Lord Heseltine calls for a long-term commitment to science and research funding in line with the UK’s international competitors. The review also calls for Ministers and civil servants to work closer with the scientific community, the Technology Strategy Board and Research Councils to develop growth strategies within all government departments and emphasises the importance of local decision making on investment and skills.
Diana Garnham, CEO of the Science Council said:
“Lord Heseltine’s review is wide-ranging and thought-provoking. I welcome his recommendations to put science investment at the heart of a growth strategy and for a longer term funding process, and I support his emphasis on the role of local decision making and the need for local strategies for skills, though I doubt whether there are either processes or structures in place to deliver this. It's also good to see his recognition of the need for better local careers information and communicate the value of giving young people greater experience and awareness of the world of work.
There is much for the science community to consider in these recommendations, and we look forward to identifying where the Science Council and our Member Bodies can contribute to delivering a vision for growth”.