Today the Labour Party published its election manifesto. The following are extracts from the Manifesto relevant to research, innovation, education and skills.
Rebuilding our industrial base: new industries, new jobs, new knowledge (1:4,5)
- Innovation Investment Fund will focus on the needs of high-tech firms.
- We will provide incentives for companies to invest through R&D tax credits, and protect and increase the size of capital allowances that help to grow key sectors such as manufacturing.
- We will ensure a competitive regime through the development of the patent-box – a lower rate of corporation tax to encourage UK-based innovation – supporting the UK’s strengths in new industries and sectors.
Investing in science and research (1:5)
- We are committed to a ring-fenced science budget in the next spending review.
- We will provide focused investment for Technology and Innovation Centres.
- We will also support university research through the Higher Education Innovation Fund, and through the development of a new University Enterprise Capital Fund.
- We will develop a new gateway for the export of NHS intellectual property and cutting-edge services.
Restoring full employment (1:5)
- A regional growth fund will be established by the Regional Development Agencies with regional ministers given an enhanced role, and we will help our core cities and city regions to become powerhouses of innovation and growth, with a major devolution of power to shape local transport and skills.
Primary schools: no child left behind (3:5)
- Parents will be given a ‘3Rs Guarantee’ that every pupil who falls behind at primary school and early in secondary school will receive special one-to-one or small-group catch-up provision. This will include up to 40,000 six and seven year olds benefiting from extra tuition in English and Maths through ‘Every Child a Reader’ and ‘Every Child Counts’, and 300,000 receiving ten hours of one-to-one tuition in both English and Maths when they are older.
Secondary schools: excellence for all, personal to each (3:5)
- More young people will be able to study single science subjects.
World Class Higher Education (3:7)
- Our aim is to continue the expansion of higher education, widening access still further, while ensuring that universities and colleges have a secure, long-term funding base that protects world-class standards in teaching and research.
- In the coming years, priority in the expansion of student places will be given to science, technology, engineering and mathematics degrees.
Stronger accountability (9:3)
- To encourage freedom of speech and access to information, we will bring forward new legislation on libel to protect the right of defendants to speak freely.