Wednesday 15 November 2023

Inventing a better Britain

How does R&D fit into a new UK economic strategy?

Low productivity is the foundational cause of Britain’s recent economic malaise, and raising it is a top priority for policy makers. Public and private investment in research and development is a key route to boosting productivity and future economic growth. But businesses often complain that policy makers are failing to create an environment that encourages private investment.

After the ONS revision how much are we now spending on R&D? How does our recent performance compare with other advanced economies? What barriers do we need to overcome to boost R&D spending? And how can it align it with a new economic strategy for the UK focused on boosting growth?

The Resolution Foundation and the Foundation for Science and Technology are co-hosting an in-person and interactive webinar to debate and answer these questions, as part of the Nuffield Foundation-funded Economy 2030 Inquiry. We will hear from leading experts on how R&D currently fits in the UK’s economic plans, and where it might fit into a future economic strategy.

The event will be open for people to physically attend, alongside being broadcast via YouTube and the Resolution Foundation website. Viewers will be able to submit questions to the panel before and during the event via Slido.