|The science board of the Science and Technology Funding Council (STFC) published a report last week warning about the effects of the flat cash funding of UK science.|
According to the report the UK spent 1.8% of GDP on research and development over the past twenty years. The average spend of comparator countries has been 2.9%.
Other countries have increased their spending. For example South Korea has doubled its spending over the last few years to 4% GDP
The bottom line is unless we spend more money on science there could be huge damage to the scientific standing of the UK in the future, which at the moment punches well above its weight.
Stark warnings on spending made by STFC’s Science Board IOP website.