A thread on Investment and Place in today's BEIS R&D Roadmap:

https://www.gov.uk/government/publications/uk-research-and-development-roadmap

1/ It’s a staggeringly comprehensive (and honest) SWOT analysis for UK R&D, and a sprawling sector consultation.

If the Manifesto was for the cash, this Roadmap is for the questions. 🔎
💷 2/ The 2.4% target survives, sitting proudly alongside its recent partner: “£22bn by 2024/25”.

This double-act of deadlines/targets still feels too abstract as a public-facing message, but the sums are certainly transformational.

Without doubt the 2020's are the R&D Decade.
💷 4/ New money = new approach? The Roadmap chimes in on calls for greater risk appetite in the UK’s R&D funding system.

The UK's new £800m ARPA-style funder will be a big experiment, but BEIS obviously see high-risk funding as gap in the UK’s offering.
💷 5/ Fundamental change ahead for universities, as the Roadmap calls for a new ‘compact’ with English institutions.

A brief mention of strengthening “accountability for discretionary funding” (read: QR) could veil a huge shift in financial autonomy for HE.

One to watch.
💷 6/ This ‘compact’ extends to a wider review of university R&D funding, to find a "healthy balance" across dual-funding.

However, positive to see QR's varied roles noted (building partnerships, nurturing new fields), as showcased in our QR/REG report:

https://wellcome.ac.uk/sites/default/files/empowering-uk-universities-how-strategic-institutional-support-helps-research-thrive.pdf
💷 7/ Can’t see anyone disagreeing with the future of REF aspiring to be "fair" and "unbureaucratic".

But a tension may arise between a desire to streamline, and REF's potential role in incentivising the Roadmap's other ambitions (e.g. research culture).
💷 8/ And a review of full economic costs too? Christmas comes early for my inner nerd.

Government will "work with other funders to consider opportunities to fund a great proportion of fECs".

Long a thorn in the sector’s side, could a sustainable solution be on the horizon?
🌐 9/ On Place, we’re offered more oomph behind the levelling up agenda.

The R&D Place Strategy will be joined by an R&D Place Advisory Group to explore broadening local influence in decision-making, and "significantly expanding" the regional presence of national R&D funders
🌐 10/ Those behind the recent ‘Missing £4bn’ report will surely welcome the Roadmap asking whether "existing, core funding streams deliver sufficient economic benefit to places across the UK".

Their report already has some fresh ideas ready to pitch: https://www.nesta.org.uk/report/the-missing-4-billion/
11/ In summary, the Roadmap leaves no stone unturned, questioning the money, motivations and methods that will propel UK R&D into the future.

At a time of change for the UK, its a much-needed pitstop and hopefully a chance for an honest conversation about what works.
You can follow @Ben_Bleasdale.
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