The Industrial Strategy - opportunities for researchers
29 November 2017
Following the publication of the UK Government's Industrial Strategy (Monday 27 November), PolicyBristol has summarised the key announcements, funding and policy engagement opportunities for researchers
- UKRI to develop a new Knowledge Exchange Framework to benchmark knowledge sharing and research commercialisation (to sit alongside existing REF; TEF; Student Outcomes Framework).
- Change to immigration rules to enable world-leading scientists and researchers endorsed under the Tier 1 route to apply for settlement after three years.
- Raise total research and development (R&D) investment to 2.4 per cent of GDP by 2027.
- Invest £725m in new Industrial Strategy Challenge Fund programmes over four years, with new programmes in:
- Clean Growth (Transforming construction, up to £170m; Prospering from the energy revolution; Transforming food production)
- AI and data (Audience of the future, up to £33m; Next generation services, up to £20m)
- Ageing Society (Data to early diagnosis and precision medicine, up to £210m; Healthy ageing)
- Develop with UKRI a new competitive Strategic Priorities Fund, to support high quality R&D priorities (multidisciplinary and inter-disciplinary); UKRI to deliver real-terms increase in budgets of ~20% between 2015/16 and 2019/20, and invest around £8bn per annum by 2020.
- Further £44m of grant funding for Innovate UK to fund £150m of responsive grant competitions in 2017/18.
- (ARTIFICIAL INTELLIGENCE) Establish a £10m Regulators’ Pioneer Fund on innovative approaches to regulating emerging technologies; £45m to support additional PhDs in AI and related disciplines.
- (ARTIFICIAL INTELLIGENCE) £9m for new Centre for Data Ethics and Innovation, to review governance/advise.
- Investing £20m in a new Institute of Coding, formed through a consortium of universities and employers.
- New £400m Charging Infrastructure Investment Fund; £100m new funding for the plug-in car grant; £40m R&D (matched by industry) for new charging technologies.
- Invest £5m from 5G Testbeds and Trials programme for 2018 trial of 5G applications and deployment on roads.
- Initial £25m competition for projects in different industry sectors, building on £16m investment in 5GUK test network facility. Further £160m in new 5G infrastructure; £200m in the Local Full-fibre Networks Challenge Fund (£10m to pilots, including a £2m pilot voucher scheme Bristol, Bath and north-east Somerset),
- Innovate UK to pilot new ways of financing innovation - £50m Innovation Loans pilot to projects on the cusp of commercialisation; Investment Accelerator pilot to bring in seed equity alongside grant funding
- Increase of £40m a year to HEIF to a total of £250m a year by 2020-21 to align with the Industrial Strategy.
- Increase the National Productivity Investment Fund to £31bn to invest in transport, housing, digital infrastructure.
Bristol/regional funding and strategy
- Develop Local Industrial Strategies – Universities and other local institutions will be key, with first Strategies agreed by March 2019. Places with a Mayoral Combined Authority will have a single strategy.
- New Transforming Cities fund to provide £1.7bn for intracity transport; half of funding to the six combined authorities with elected metro mayors.
- New competitive £115m Strength in Places Fund for areas to build on science and innovation strengths/support collaboration (themes for South West England are Advanced Engineering and Digital Innovation).
- Devolve the adult education budget to mayoral areas in 2019.
- New £115m per annum Strength in Places Fund to build on existing areas of excellence, fund collaborative programmes from universities, local employers, and Local Enterprise Partnerships.
- Skills Advisory Panels to analyse current/future supply and demand for skills, working with Mayoral Combined Authorities and Local Enterprise Partnerships.
- £12m fund for 2018/19 and 2019/20 to boost the Mayoral Combined Authorities capacity and resources.
- Creation of an Industrial Strategy Council to assess, evaluate, make recommendations on Industrial Strategy.
- Establish an Industry-led AI council to work with six priority sectors (cybersecurity; life sciences; construction; manufacturing; energy; agricultural technology).
- Create a new regulator, the Office for Students (OfS) in January 2018, to address employer and student needs, consider skills gaps, and future needs.
- New Geospatial Commission to provide strategic oversight of the various public bodies that hold this data.
- Appoint leading figures from industry and academia as expert advisors on each grand challenge, in early 2018.
- Joint programme of work with the Office for National Statistics, academics and other stakeholders to improve understanding of the economy, and identify the gaps in our evidence base.
- R&D competition on how simulated digital environments can support self-driving technology development
- Launch ministerially-led reviews, starting with GovTech/regtech (creating new ways for citizens to engage with public services, including Blockchain/AI technologies) and quantum technologies.
You can also download this as a Industrial Strategy summary pdf (PDF, 531kB)