Monthly Archives: May 2011

Government publishes position paper on future EU funding for research and innovation

Funding for EU research and innovation from 2014: a UK perspective’ published today looks at the future role and shape of EU funding for research and innovation and sets out the following recommendations from the Government

  •  Research and innovation must play an increasingly vital role in promoting green growth in Europe and should continue to receive a high – and ideally increased – proportion of a future EU budget which is reprioritised to focus on sustainable growth and is smaller overall
  • The UK considers that future EU funding should be focussed on funding research programmes that demonstrate excellence and added-value
  • EU funding should address global challenges as well as developing new technologies.

 

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Support for British companies to compete on the global stage

Business Secretary Vince Cable, Foreign Secretary William Hague and Trade and Investment Minister Lord Green today launched a new cross-government focus on trade and investment to help the British economy grow.

 The UK Trade & Investment (UKTI) Strategy and the Foreign and Commonwealth Office (FCO) seven-point Charter demonstrate the Government’s dedication to supporting international business, championing UK business overseas and attracting investors to the country.

They form a core plank of the Government’s Plan for Growth, and recognise the fact that a new focus on business is needed if the UK is to remain economically competitive in the years to come.

The strategy will see UKTI adopt a more entrepreneurial approach to deliver growth. As part of this UKTI will actively seek out overseas investors, help UK companies expand into overseas markets and work more closely with key British companies. Examples of this approach include:

  • Establishing a new private sector delivery partner with the incentive to attract and retain high value investments.
  • Expanding the Global Entrepreneur Programme (GEP) to win more investment to the UK.
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