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RAE launches Engineering for Growth campaign

14 February 2013

The Royal Academy of Engineering's new campaign aims  to stimulate entrepreneurship and highlight the huge contribution engineering makes to the UK economy.

Sir john Parker, president of the Royal Academy of Engineering

Engineering for Growth will be a major theme for the Academy in 2013. It will demonstrate the economic impact and societal benefits delivered by engineering and provide the focus for specific activities designed to drive business innovation.

“Engineering for Growth is aligned with both our advocacy and operational activities,” says Sir John Parker (pictured), president of the Royal Academy of Engineering. “Engineering already makes up at least 28% of the UK economy and employs over 5.4 million people. It will need to play an even greater role as we rebalance and deliver growth in the economy. We will continue to highlight the huge benefits of investing in innovation and relevant skills as well running our own programmes in support of stimulating economic activity.”

Campaign activities
Later this spring the Academy will launch the Enterprise Hub, a new business resource that will see a large number of Academy Fellows mentoring new engineering and technology start-ups. As part of the Hub's activities, the Academy aims to build on its BIS-funded Engineering Enterprise Fellowships programme which enables entrepreneurial academics to spend a year starting a business.

The Academy also aims to build a new programme that will take 'the best of the best' early stage companies and provide them with a long term package of mentoring, training and bespoke support.

The Academy will continue to fund over 130 Research Fellows and build crucial links between industry and academia – providing the lifeblood for innovation in the UK.

The report can be read here.


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