Professor Paul Hardaker, Chief Executive of the Institute of Physics (IOP), said, “To grow our economy and create jobs, the UK must be competitive and that means investing in science and bringing that science to market.
“George Osborne has announced today that the £4.7bn science budget has been protected in real-terms over the period of this Parliament. It shows that this Government is committed to investing in science, and ensuring that we maximise the potential economic and societal gains from doing so in the future. This will help UK science but we still need to be mindful of how this compares to higher investment by international competitors.
“We will work with our colleagues across science and education to examine the detail of the Spending Review to better understand the implications and the spending power of these commitments.
“We also hope that detail in the settlement for the Department for Education will allow us to continue our transformative work to improve physics education.”
ENDS
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