Today, the Lords Science & Technology Committee publishes its report into financing and scaling UK science and technology, entitled: “Bleeding to death: the science and technology growth emergency”. Read it here: https://t.co/blKU5oUmeI

Tomorrow (2nd December), starting at 10.15am, as part of our inquiry into forensic science, we'll be hearing from 10.15 - Police Chiefs and representatives of the NPCC 11.15 - Digital forensics experts You'll be able to watch here: https://t.co/37qcpObiOI

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Tomorrow (2nd December), starting at 10.15am, as part of our inquiry into forensic science, we'll be hearing from 10.15 - Police Chiefs and representatives of the NPCC 11.15 - Digital forensics experts You'll be able to watch here: https://t.co/37qcpObiOI

At 10.15, the Committee will hear from: Professor Claude Roux, Director, Centre for Forensic Science, UTS; Fiona Douglas, Director, Scottish Police Authority Forensic Services And at 11.15, Katy Thorne KC, barrister. Watch:

Failure to retain and scale tech companies causing UK economy to ‘bleed to death’, Lords warn https://t.co/1mfENnNEGl A report by @LordsSTCom said the situation is at “crisis point” and “urgent and radical reform” is needed.

Tomorrow, as part of a short follow-up inquiry into forensic science, the Lords S&T Committee will be hearing from Professor Carole McCartney, Professor Niamh Nic Daeid and Professor Angela Gallop CBE You can watch from 10.15am on 11 November https://t.co/s7ICjTsrpd

Tomorrow, as part of a short follow-up inquiry into forensic science, the Lords S&T Committee will be hearing from Professor Carole McCartney, Professor Niamh Nic Daeid and Professor Angela Gallop CBE You can watch from 10.15am on 11 November https://t.co/s7ICjTsrpd

The @LordsSTCom Bleeding to Death report lands hard. As @matthewclifford says, Britain is exceptional, especially its science and tech. Now it needs to get exceptional at keeping them here. The ideas, the people, the breakthroughs are ours; the growth should be too.

📕 @LordsSTCom released their latest report on how the UK can do a better job of hanging onto its scaleups. https://t.co/qppY6Ungso

Important recognition of the UK’s scaleup investment challenge. VenturePath's UK ScaleUp Investment Mission welcomes the Committee’s focus on practical measures to strengthen growth funding. The next step is turning recommendations into action.

@LabourGrowth In summary, the government would prefer to give the right to bid for transport technology contracts to Fujitsu (of the Post Office Horizon scandal fame) ahead of the UK’s most promising start-ups/ No wonder there is no growth. And what if we do nothing? Or are you looking for

https://t.co/VBsNAAsuyS

Stem loss of science companies or UK will ‘bleed out’, peers warn

Read the report: HTML: https://t.co/PxizL04tV6 PDF:

This is not an easy problem to solve. It has deep roots and requires action across government. But the UK risks missing out on an incredible technological opportunity and continuing to stagnate if the problem is not tackled with urgency.

Skills talent, and universities: Stabilise university finances now. Cut the absurd upfront visa costs for overseas scientists; provide skills training aligned with Industrial Strategy needs and acknowledging the rise of AI, and entrepreneurial skills as part of PhD/undergrad.

Public sector investors: Consolidate and expand the British Business Bank and National Wealth Fund; fix the leaky pipeline of scale-up financing between them and Innovate UK, which should be providing due diligence that crowds-in investment into technology companies.

The Government should use procurement as an innovation lever with departmental targets for spend with innovative UK SMEs, rising to 3%. This will develop the ability of procuring authorities to specify the solution, rather than the product, and support innovation.

Procurement: Public procurement could support innovation and companies remaining in the UK, anchored by contracts. But it’s just not set up for innovative SMEs.

This creates a vicious cycle where promising companies must go overseas for funds. The report urges the government to go further & faster on consolidating pension funds and Mansion House; channelling more of their capital to UK science & technology.

Pensions and institutional investors: Scaling-up companies struggle for finance; institutional investors like pension funds should be providing this, but they aren’t. State of European Tech estimates less than 0.01% of UK pension assets are invested in VC. In the US, it's 15%.