- New report underlines university
research and innovation’s central role in delivering government
ambitions on growth
While setting out their new year ambitions for the country, both
the Prime Minister and
Leader of the
Opposition identified the critical role of research and
innovation in addressing the challenges the country is facing.
Universities UK’s new report: Higher Education Research
and Innovation in Facts and Figures published today
underlines how university research and innovation activity can
help deliver this ambition by attracting investment and talent,
making world-leading discoveries, generating knowledge, and
creating and nurturing new, innovative businesses and jobs across
the UK. At a time of great economic pain, the need for research
and innovation has never been greater.
The report found that:
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UK universities produce world-leading
research. UK research is consistently judged to be
exceeding its high expectations. The Field-Weighted Citation
Impact (FWCI), which measures the academic impact of
publications, ranked the UK as first among its G7 counterparts
and higher than the OECD and EU totals.
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Research and innovation activity is well distributed
across the UK, playing a vital role in the government’s
levelling up agenda. High-quality research is
happening throughout the UK, with more than 80% of research
emerging from each nation and region of the UK rated as
‘world-leading’ or ‘excellent’ by recent assessments.
Universities in every part of the UK are
supporting innovation through the creation of new businesses
and partnering with large and small companies.
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Investment in research and innovation delivers high
returns on investment and creates economic benefit.
Investment in the research and innovation ecosystem delivers
value for money, with proven returns on investment on public
funding – every £1 of public R&D
spending stimulates between £1.96 and £2.34 of private
spending.
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Universities turn research into new
businesses. In 2020–21 there
were nearly 19,000 active spin-outs, start-ups and social
enterprises that emerged from UK universities. In the same
period businesses born at universities employed an estimated
96,000 people.
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Universities also license their research for
businesses, not-for-profits, and the public sector to
use. In 2020–21,
universities had over 40,000 active licences with businesses
and non-commercial organisations.
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University research helps businesses and other
organisations solve problems. Despite the pandemic,
universities have had nearly 600,000 interactions with
businesses and non-commercial partners over the last five
years through contract research and consultancy.
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Universities also educate and develop the UK’s
entrepreneurs. Nine out of 10 embed
entrepreneurship within degree programmes, and the vast
majority (98%) provide extra-curricular support for enterprise
and entrepreneurship.
Professor Paul Boyle, Vice-Chancellor of Swansea
University and Chair of the Universities UK Research and
Innovation Policy Network said:
“This report underlines the clear role that university research
and innovation can play in building an economy that delivers
growth and opportunity for communities across the whole of the
UK.
“Universities are rightly championed by government for their
ability to generate national growth, boost local economies and
improve lives. However, this ability is under threat from
continued uncertainty over the UK’s association to Horizon
Europe, and with many vital research and innovation projects at
risk as EU Structural funding comes to an end.
“Now more than ever, it is vital that the government does all it
can to support the UK’s researchers and innovators. Failure to
support one of the UK’s most rewarding assets would have a
devastating impact on its efforts to deliver growth, wellbeing
and prosperity."
Vivienne Stern, Chief Executive of Universities UK
said:
“The UK higher education sector’s exceptional capability in
research and innovation is a genuine national asset, for which
the UK is famous around the world. It happens all over the UK,
and in universities of many different types – from big
universities with broad subject areas to small, specialist
institutions.
“The UK can be proud of this strength and depth. This research
makes a real difference to people’s lives. Health discoveries
often make the headlines, but research brings so much more,
including new technology, jobs, economic growth, and a better
understanding of the world we live in.”