In response to the autumn statement

3 December 2014

The IOP has welcomed Chancellor George Osborne’s support for science in his autumn statement delivered today, but reiterated the need for long-term investment.

Frances Saunders

Osborne announced that a new £200m institute dedicated to materials research will be established in Manchester, and acknowledged that science is a “personal priority” and “crucial to the economic future”.

IOP president Frances Saunders said: “We’re pleased that there is recognition from government of the continuing value of investing in science.

“However, while one-off initiatives such as the Manchester centre are welcome, we’d like to see how they intend to deliver a sustained commitment to science and innovation in their forward strategy. Previous government investments in science and engineering have delivered huge economic and societal benefits, and a long-term commitment to sustain that investment can ensure that they continue to do so into the future.”

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