Jim Shannon
Main Page: Jim Shannon (Democratic Unionist Party - Strangford)UK Science Budget
Jim Shannon Excerpts(9 years, 1 month ago)
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Stuart Andrew
As a northern MP, I would certainly agree. That just goes to show that this budget can really help us achieve more than one of our aims.
The Government also provide funding in partnership with industry and charitable funders to bring together the power and expertise needed to tackle some of the biggest challenges facing society and to develop the UK’s expertise in areas of real promise, and we have seen just how powerful such joint funding can be. We have pioneering projects such as the UK Biobank, which is now following the health of half a million people across the UK, and the Farr Institute, which is unlocking the full potential of health data.
Jim Shannon (Strangford) (DUP)
The innovation at Queen’s University in Belfast includes perfecting new drugs for cancer, heart disease and diabetes. It is important that we have a relationship with not only Queen’s University but universities across the UK mainland, and I want us to make sure that these moneys will enable that to happen, so that everyone in the United Kingdom of Great Britain and Northern Ireland can benefit. Does the hon. Gentleman agree? I am sure he does, but I just wanted to ask him.
Stuart Andrew
I have no choice—of course, I agree with the hon. Gentleman. He is right: this is about supporting the whole United Kingdom.
Evidence has shown that public sector investment in research encourages the private sector to invest too. Analysis has shown that an extra £1 of public funding would give rise to an increase in private funding of between £1.13 and £1.60.
The Government’s decision to protect science in 2010, at a time of significant savings, has been appreciated by the sector. It has enabled researchers to continue to push the boundaries of research and to transform exciting scientific discoveries into tangible benefits for patients and the economy. However, there are concerns that, with the true value of the science budget eroding, and with more savings in the pipeline, research could be at risk. Almost 200 life science organisations recently raised those concerns in a letter to the Chancellor.
Why should the Government invest in research? First, research saves lives. Across a number of different conditions, we have seen huge improvements in the range of treatments available, with people surviving conditions that would have been death sentences in the past. According to statistics from the British Heart Foundation, seven out 10 people now survive a heart attack.
The UK punches above its weight in terms of the outcomes its research sector achieves relative to the amount of money invested overall. On many measures, the sector is the most efficient in the world, and strikingly better than many of its competitors. The excellence of the UK science and research base results from universities’ autonomy and responsiveness; the competitive, dynamic funding system; the dual-support funding mechanism; an effective governance and research infrastructure; and the critical role played by universities in the science, research and innovation ecosystem.