We meet for this debate at an auspicious moment. According to this morning’s Financial Times,
“Grey hairs, monobrows and poorly judged comb-overs could be consigned to history after research led by British scientists revealed how our genes affect hair growth on the human head and face.”
That, if evidence were needed, is a sign of the continuing health of British science. However, it takes funding for British basic science to produce publications that can, in time, lead to the wealth-creating, job-generating businesses of the future. I am, therefore, broadly supportive of the Government’s continuing commitment to the science budget, but there is much more we can do when it comes to Government support for science, for knowledge transfer and for greater private sector involvement in R and D.
First, however, let me set out some history. When the last Labour Government came to power in 1997—happy days—we found, as we always do, that the Conservative party had decimated the British science base. Laboratories were falling apart, basic funding was slashed, support for R and D was pathetic, and the space programme was in chaos—the usual. Over 13 years, primarily under the leadership of Science Minister Lord Sainsbury, and with the support of Chancellor Gordon Brown and investment from the Wellcome Trust, the Labour party rebuilt Britain’s science base.
The UK innovation investment fund was created to back technology entrepreneurs, the science research investment fund was created to tackle the backlog of under-investment in facilities, and the higher education innovation fund was created to incentivise universities to transfer their knowledge into industry. The result has been a golden age for British science, with great discoveries such as the Higgs boson; the Rosetta mission; an end to the brain drain; and world-class, well-resourced universities carrying out cutting-edge work.