• £1.3 billion boost to attract and retain world-class talent and guarantee the UK’s position at the forefront of innovation and discovery through the modern Industrial Strategy
• Business Secretary Greg Clark launches prestigious £900 million UK Research and Innovation (UKRI) Future Leaders Fellowship Scheme - open to best researchers from around the world
• the investment will fund at least 550 new fellowships for the brightest and best from academia and business

Business Secretary Greg Clark today (21 June) unveiled a major new investment in UK talent and skills to grow and attract the best in science and innovation.

As part of his speech to the International Business Festival in Liverpool, Mr Clark outlined £1.3 billion of investment for British universities and businesses to develop the next generation of entrepreneurs, innovators and scientific leaders who will ensure our future economic prosperity.

Previous investment in new talent has funded research into new cancer drugs and developed critical technology which will bring us driverless cars. Today’s announcement will build on this success and boost the pipeline of talent needed to build a Britain fit for the future. The money, part of the single biggest investment in science in 40 years, will help ensure the UK invests 2.4% of GDP in R&D by 2027 and becomes the most innovative economy by 2030.

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