5th June #WorldEnvironmentDay – Summarising The Government R&D Roadmap following COVID-19 crisis: R&D aiding the pathway to a greener future
Published 5 June 2021
In light of the COVID-19 crisis, the importance of being able to find ingenious, practical, and timely solutions to the most challenging problems is even clearer. Research and development will be critical to economic and social recovery from the impacts of COVID-19, enabling us to build a greener, healthier and more resilient UK.
Science and innovation have helped drive major progress in global development over the past two decades and are vital to achievement of the UN’s Sustainable Development Goals. The goal behind government funded R&D Tax Credits is to further strengthen science, research, and innovation across the UK, making them central to tackling the major challenges we face, and taking advantage of opportunities where R&D is taking place.
This is some of what the government have to say about a plan to achieve R&D goals moving forward over the next few years:
- Our commitment to increasing UK investment in R&D to 2.4% of GDP by 2027 and to increase public funding for R&D to £22 billion per year by 2024/25 will allow us to make major strides towards this goal.
- We will use this investment to raise domestic and international business investment into UK R&D, increasing economic productivity and prosperity through new products, services and jobs and helping to transform our public services.
- We will tackle some of the big challenges of today and tomorrow, including achieving net zero carbon emissions, investing in world-class assistive technology, building resilience in our economy, environment and society, and improving security, productivity and quality of life for all.
This Roadmap is the start of a big conversation on what actions need to be taken and how. The government wants to know:
- How can we best increase knowledge and understanding through research, including by achieving bigger breakthroughs?
- How can we maximise the economic, environmental and societal impact of research through effective application of new knowledge?
- How can we encourage innovation and ensure it is used to greatest effect, not just in our cutting-edge industries, but right across the economy and throughout our public services?
- How can we attract, retain and develop talented and diverse people to R&D roles? How can we make R&D for everyone?
- How should we ensure that R&D plays its fullest role in levelling up all over the UK?
- How can we harness excitement about this vision, listen to a wider range of voices to ensure R&D is delivering for society, and inspire a whole new generation of scientists, researchers, technicians, engineers, and innovators?
Most importantly, how do you fit in to this?
Tackling these integral questions is where YOU come in. At Recoup, our team of experts can find out where the work that your business is doing fits into answering some of these questions. You may not think that what you’re doing could possibly be contributing to such a big picture, but we can assure you that it is. Once you get in touch with us, we will show you how!
If You’d Like To Cash In On Your Innovation Today, There’s No Better Time To Begin Than Now. Use our free online eligibility checker or give us a call today!
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