Building tomorrow’s industriesSupporting and commercialising strategic emerging technologies: a UK perspective

Sir John Parker GBE FREngPresident, Royal Academy of Engineering UK2 June 2014

Definition of industry

• Research, design, engineering and the manufacturing of products

• The engineering and manufacturing services that support them

• The international engineering consultancy that emerges from the base

Six elements of a modern industrial policy

1. Clear signals from the top of government that industrial activity was critical to the future of our economy

2. Research and innovation to support new ideas

3. A recognition of the importance of large companies and their long supply chains of SMEs

4. The need to grow new ones, including in emerging sectors

5. Stability and alignment of policy across government departments

6. A robust skills base

Aerospace Automotive

Construction

Professional Business Services

Oil and gas Life Science

Education

Offshore wind

Agri-tech

Information Economy

Nuclear

Industrial strategy

8 great technologies

8 great technologies

1. Big data and energy-efficient computing

2. Satellites and commercial applications of space

3. Robotics and autonomous systems

4. Synthetic biology

5. Regenerative medicine

6. Agri-science

7. Advanced materials and nanotechnology

8. Energy and its storage

and Quantum technologies

UK Innovation Landscape

Catapults

£1.4 billion public and private

investment over 5 years

Partnership between

academia, industry and government

The Enterprise Hub

The Enterprise Hub harnesses the expertise, insight and networks of Academy Fellows, who include some of the UK’s most successful entrepreneurs and business leaders, to support the country’s most promising entrepreneurs in all areas of engineering and in all parts of the UK.

http://www.raeng.org.uk/news/publications/list/reports/Jobs_and_Growth.pdf