Connecting boffins with businesses and a greater sense of priorities—backed up by more cash—would help
spending—from current stingy levels —will be constrained by pinched finances. So far the government has protected thespending is the second issue: how the money is spent. Dame Ottoline Leyser, chief executive of UK Research and Innovation , a public funding body, says that too often there aren’t strong enough incentives to spread ideas between academia and the private or public sectors.
“Catapult centres” are already meant to connect businesses with researchers, and have been in place since 2011. But a recent report by John Springford and Zach Meyers of thesays that even after a 35% increase in their funding in last month’s autumn statement, these centres are only modestly funded in comparison with their German equivalents. They also argue that ad hoc reviews into the Catapult network have clouded it in uncertainty.
The balance between top-down research and the bottom-up sort also deserves scrutiny. Adam Hawksbee of Onward, a think-tank, points out that Britain is an outlier in how much latitude the government gives the private sector when funding innovation. The ratio of funding via tax credits to directed investment is unusually high, at 4.1, compared with 0.9 in America and 1.
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