The UK must invest heavily in scientific research if it is to maintain its economic competitive advantage, according to a report by the Royal Society published today.

It comments that “there is little doubt that advances in science and technology will continue to transform the way we live, create new industries and jobs, and enable us to tackle seemingly intractable social and environmental problems”.

Additionally, the report warns that the UK’s current advantage is in danger as other countries ramp up spending in science to boost their economies.  The Royal Society make 6 recommendations:

Recommendation 1: Put science and innovation at the heart of a strategy for long-term economic growth

Recommendation 2: Prioritise investment in excellent people

Recommendation 3: Strengthen Government’s use of science

Recommendation 4: Reinforce the UK’s position as a hub for global science and innovation

Recommendation 5: Better align science and innovation with global challenges

Recommendation 6: Revitalise science and mathematics education

Read the full report here.