It outlines the role of universities in underpinning long-term economic growth, creating the best possible environment for businesses to thrive, ensuring the benefits of economic growth are shared by all, and ensuring the UK is the location of choice for global businesses and investment.
The submission highlights that significant opportunities exist to maximise the contribution of universities to an industrial strategy. These opportunities could be realised through increased public investment in research and innovation, including a real terms increase in the research budget and increased investment in the Higher Education Innovation Fund, and enhancing universities’ ability to invest in teaching and research infrastructure.
