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
Beyond the brim, Sombrero Galaxy's halo suggests turbulent past
21.02.2020 | NASA/Goddard Space Flight Center
10,000 times faster calculations of many-body quantum dynamics possible
21.02.2020 | Christian-Albrechts-Universität zu Kiel
The operational speed of semiconductors in various electronic and optoelectronic devices is limited to several gigahertz (a billion oscillations per second). This constrains the upper limit of the operational speed of computing. Now researchers from the Max Planck Institute for the Structure and Dynamics of Matter in Hamburg, Germany, and the Indian Institute of Technology in Bombay have explained how these processes can be sped up through the use of light waves and defected solid materials.
Light waves perform several hundred trillion oscillations per second. Hence, it is natural to envision employing light oscillations to drive the electronic...
Most natural and artificial surfaces are rough: metals and even glasses that appear smooth to the naked eye can look like jagged mountain ranges under the microscope. There is currently no uniform theory about the origin of this roughness despite it being observed on all scales, from the atomic to the tectonic. Scientists suspect that the rough surface is formed by irreversible plastic deformation that occurs in many processes of mechanical machining of components such as milling.
Prof. Dr. Lars Pastewka from the Simulation group at the Department of Microsystems Engineering at the University of Freiburg and his team have simulated such...
Investigation of the temperature dependence of the skyrmion Hall effect reveals further insights into possible new data storage devices
The joint research project of Johannes Gutenberg University Mainz (JGU) and the Massachusetts Institute of Technology (MIT) that had previously demonstrated...
Researchers at Chalmers University of Technology, Sweden, recently completed a 5-year research project looking at how to make fibre optic communications systems more energy efficient. Among their proposals are smart, error-correcting data chip circuits, which they refined to be 10 times less energy consumptive. The project has yielded several scientific articles, in publications including Nature Communications.
Streaming films and music, scrolling through social media, and using cloud-based storage services are everyday activities now.
After helping develop a new approach for organic synthesis -- carbon-hydrogen functionalization -- scientists at Emory University are now showing how this approach may apply to drug discovery. Nature Catalysis published their most recent work -- a streamlined process for making a three-dimensional scaffold of keen interest to the pharmaceutical industry.
"Our tools open up whole new chemical space for potential drug targets," says Huw Davies, Emory professor of organic chemistry and senior author of the paper.
12.02.2020 | Event News
16.01.2020 | Event News
15.01.2020 | Event News
24.02.2020 | Life Sciences
24.02.2020 | Materials Sciences
24.02.2020 | Earth Sciences