The story so far; the challenges ahead

Peter J Gregson FREngCEO & VC of Cranfield University

Universities and economic growth

Golden triangle for economic growth

Business

Government

Universities

Plus Finance, Labour Market, Charities

Businesses

• GSK, RR, JLR, Seagate, Santander, Unilever

Global Corporates

• Supply chains

“Growing the Ms”

• Science parks

“Developing the Ss”

Government

• 11 sectors, 8 great technologies

Industrial strategy

• Witty; TSB Catapults; NCUB; LEPs?

National & Regional

• 49% public funding

Higher Education

Government fundingof Universities

• £3.5bn: T (STEM), QR, Knowledge exchange

HEFCE Recurrent

• £3bn; Haldane vs Managed

RCUK/TSB

• £1.1bn (Targeted & Leveraged); Universities

Infrastructure

Universities

• Culture to healthcare

Societal enhancement

• £28bn / 320,000 jobs; £73bn (2.8% GDP)

Sustainable Businesses

• UG; PG; Executive education

Capacity – Global Graduates

• Businesses, Government, Society

Capability – World-class Research

• Partnership; Commercial exploitation

Innovation

Graduates

• Schools / Universities / Business / Government

UG - Employability

• Sustainable funding (CPLS)

PG - Career Enhancement

• Policy; Perception; Process

International

Research

• Citations; <2.5% GDP

Excellence of UK Research Base

• Lambert/Wilson; NCUB; RR UTCs etc

University–Business collaboration

• Asset sharing; International partnership

University-University collaboration

Research benefits to businesses

Thought-leaders

Cutting-edge facilities

Resources & consortia

Open innovation environment

Human capital

Innovation

• Bio Pharma vs Construction

Sector differentiation

• Embedded vs Unencumbered• Partnerships (IP Group etc)

IP Commercialisation

• People, place & infrastructure

Ecosystem

Challenges ahead

Globally competitive UK HE (T & R)

Sustainable PG funding

Stable infrastructure funding

Engaging supply chain Ms

Impact, innovation & internationalisation