Source · Select Committees · Business, Innovation, Science and Trade Committee
Recommendation 42
42
Paragraph: 170
Whilst the future of the Grand Challenges is uncertain the fundamental issues which underpinned them...
Conclusion
Whilst the future of the Grand Challenges is uncertain the fundamental issues which underpinned them remain pertinent. A growing R&D budget channelled through the Industrial Strategy Challenge Fund and the Advanced Research and Invention Agency, in combination with a modification of state aid rules and procurement, has significant potential to promote the growth and innovation required to meet the Grand Challenges. However, there remains a pervasive sense of uncertainty regarding the future funding environment and how industrial policy and the Plan for Growth will interact with commercial innovation.
Paragraph Reference:
170
Government Response
A response document is linked to this report, dated 24 September 2021. Response attribution to this conclusion has not been verified. Read the response document ↗