The Royal Academy of Engineering is pleased to confirm government funding for its key programmes for the period 2011-15, enabling it to continue its work to help build a resilient and broad-based economy, that includes a high proportion of advanced technology businesses, and to facilitate the engineering skills required at all levels.
The Academy's delivery plan emphasises engineering as a major delivery vehicle for economic growth, for a low carbon economy and for infrastructure renewal.
The Academy’s priorities include:
· Focusing resources on the very best early-career researchers and increasing funding for Research Fellowships and Visiting Professors in order to increase the flow of new researchers and engineering graduates able to meet the needs of industry.
· Building a Leading Diversity in Engineering programme, in partnership with the engineering institutions, industry and others, to widen participation in engineering among under-represented groups.
· Communicating the value of engineering to society, including its rewarding career opportunities, through a range of education and public engagement activities, with a particular focus on young people.
· Bringing together the professional engineering community to provide independent and authoritative advice to inform government and public policy making.
The Academy is also pleased to announce a new Engineering Enterprise Fellowship scheme that will enable entrepreneurial young researchers to benefit from a 'year out' during which they will establish a business and receive business training.
Academy Chief Executive Philip Greenish said: “The UK’s economic recovery depends on effective translation of the results of the research investment into wealth creating products and services. This is the Academy’s core business, working alongside government and our partners to support excellent research that addresses an industrial or societal need, help build the required engineering skills base and shape the policy framework necessary to drive innovation and growth in a rebalanced economy.”
Notes for editors
Full details of the BIS allocations are at www.gov.uk/government/publications/allocation-of-science-and-research-funding-2011-12-to-2014-15
The plan includes an expected saving on operating costs of 15% by 2014-15. The Academy will work with research funding partners to implement the efficiency savings recommended in the Wakeham Review.
Founded in 1976, The Royal Academy of Engineering promotes the engineering and technological welfare of the country. Our fellowship – comprising the UK’s most eminent engineers – provides the leadership and expertise for our activities, which focus on the relationships between engineering, technology, and the quality of life. As a national academy, we provide independent and impartial advice to Government; work to secure the next generation of engineers; and provide a voice for Britain’s engineering community.
For more information please contact
Jane Sutton at The Royal Academy of Engineering
Tel. 020 7766 0636; email: Jane Sutton