IOP used the opportunity to highlight their recent research which demonstrates the important contribution that the physics-based sector has been making to the UK economy since 2000.
The research shows that the physics based sector, defined as businesses using modern and advanced elements of physics in their business processes, contributes £70 billion to the UK’s economy and makes up 6.4 per cent of total UK economic output. When productivity in the physics realm is compared across all industries in the UK, the physics based sector comes over as a high performer - being almost twice as productive as the average.
The research stresses the importance of investment in Research and Development which has waned in recent years. From 2001-2004 there was a 14 per cent drop in total R&D investment by the physics sector. The government’s 2007 R&D scoreboard also suggests that UK firms are struggling to keep up with companies from competitor economies in this area.
Minister for Science and Innovation, Ian Pearson, speaking at the event, said:
“Physics makes a key contribution to the UK economy through the one million jobs where the use of physics based technologies or expertise is critical to the existence of the sector, concentrated in 32,000 businesses.
“From an already strong position, the wider UK research base is improving – helped by rising funding. The science budget has more than doubled over the last decade. It will have tripled to £4bn by 2010-11.
“The Government is committed to ensuring Britain maintains its position as a world-class hub for scientific excellence. And we must be a world leader in transforming scientific and technological advances into successful new products and services.”
Dr Robert Kirby-Harris, chief executive of the Institute of Physics, said, “Politicians and business leaders alike are aware of the contribution that successfully applied physics can make to the whole UK economy. Increases in science funding and the political recognition of the importance of science to society are both causes for celebration but we are concerned to ensure that this greater emphasis on innovation should take place alongside a continuing commitment to well funded basic science research.”
Charlie Wallace | alfa
OU-led team discovers rare, newborn tri-star system using ALMA
27.10.2016 | University of Oklahoma
First results of NSTX-U research operations
26.10.2016 | DOE/Princeton Plasma Physics Laboratory
Ultrafast lasers have introduced new possibilities in engraving ultrafine structures, and scientists are now also investigating how to use them to etch microstructures into thin glass. There are possible applications in analytics (lab on a chip) and especially in electronics and the consumer sector, where great interest has been shown.
This new method was born of a surprising phenomenon: irradiating glass in a particular way with an ultrafast laser has the effect of making the glass up to a...
Terahertz excitation of selected crystal vibrations leads to an effective magnetic field that drives coherent spin motion
Controlling functional properties by light is one of the grand goals in modern condensed matter physics and materials science. A new study now demonstrates how...
Researchers from the Institute for Quantum Computing (IQC) at the University of Waterloo led the development of a new extensible wiring technique capable of controlling superconducting quantum bits, representing a significant step towards to the realization of a scalable quantum computer.
"The quantum socket is a wiring method that uses three-dimensional wires based on spring-loaded pins to address individual qubits," said Jeremy Béjanin, a PhD...
In a paper in Scientific Reports, a research team at Worcester Polytechnic Institute describes a novel light-activated phenomenon that could become the basis for applications as diverse as microscopic robotic grippers and more efficient solar cells.
A research team at Worcester Polytechnic Institute (WPI) has developed a revolutionary, light-activated semiconductor nanocomposite material that can be used...
By forcefully embedding two silicon atoms in a diamond matrix, Sandia researchers have demonstrated for the first time on a single chip all the components needed to create a quantum bridge to link quantum computers together.
"People have already built small quantum computers," says Sandia researcher Ryan Camacho. "Maybe the first useful one won't be a single giant quantum computer...
14.10.2016 | Event News
14.10.2016 | Event News
12.10.2016 | Event News
27.10.2016 | Materials Sciences
27.10.2016 | Physics and Astronomy
27.10.2016 | Life Sciences