The Royal Academy of Engineering welcomes today’s speech by the Chancellor of the Exchequer, the Rt Hon George Osborne MP, to the Royal Society:

Responding to Mr Osborne’s comments, Sir John Parker GBE FREng, President of the Royal Academy of Engineering, says:

“I am delighted to hear such public support from the Chancellor for investment in science, engineering and technology at this critical time for our economy. The specific areas he has highlighted – computing, synthetic biology, agricultural science, regenerative medicine, energy storage, nanotechnology, robotics and space – have huge potential for growth. This country is already a leader in some of these areas where top class scientific research is underpinned by world-beating UK engineering.

“Government can help the transition of great ideas from lab to market by creating a business investment-friendly environment that gives companies – and their supply chains – the confidence and incentives to invest in creating world leading products and services.”

Notes for editors

  1. 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