The UK government has unveiled a ten-year funding strategy for research and development aimed at enhancing efficiency and attracting private investment. The plan emphasizes long-term funding for infrastructure and innovative technologies, such as quantum computing, to strengthen the country’s growth drivers. The initiative is expected to leverage public investment effectively, with statistics showing that £1 of public R&D leads to £2 in private investments and £7 in net economic benefits. Key focus areas include infrastructure, talent development, international collaboration, and enduring partnerships with industry.
"As the government ramps up R&D spending plans for the next decade, it's important that transport and the railway network are top of mind for innovation. Investing in our nation's railways can significantly unlock..."
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