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BIOECONOMYBridging the Valley of Death
David Parfrey FCMA CGMA FRSB FIoD Executive Director, Finance & Campus Operations
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Meeting society’s challenges
• The world needs to produce 50% more food by 2050
• Food & agri sector in UK already worth £96Bn a year
• Need for low carbon alternatives to fossil fuels
• Demand for energy predicted to grow by 20%
• in 2030 (from 2010)
• 21% of UK population will be aged 60+ by 2050
• Tackling obesity would save wider UK economy £50bn per year by 2050
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The bioeconomyoffers huge potentialto support a moreproductive, prosperousand sustainable UK
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BBSRC deliversfor bioscienceand for the UK
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EMPLOYMENT
BBSRC invests infrontier bioscienceacross the UK tofoster innovationin the bioeconomy
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Grow the bioeconomy for a moreproductive and prosperous nation
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World leading impactful research and innovation
World leading
capability
The greatest minds
A world leading
innovation environment
The recipe for the bioeconomy
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Building Capabilities for the bioeconomy
Capability facilities ready for sustainable use
Can constitute (e.g.) land buildings laboratories equipment equipment support
Required to support Creation and development of knowledge (research) Translation of knowledge into use
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Research & translationW
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THE
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Bridging the Valley of Death
https://www.flickr.com/photos/fduk/36434148/
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Bridging the Valley of Death
2 way trafficRESEARCH MARKET
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BBSRC is investing
• In research capability– National capabilities– Shared capabilities
• In translation support capabilities– Research & Innovation Campuses
• Babraham• Edinburgh• Aberystwyth• Norwich• Rothamsted
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BBSRC invests inbioscience research,infrastructure andskills right acrossthe UK
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The challenge to improve & the keys to VFM
We continue to experience a difficult fiscal environmentAnd hence do more with the same or less £Making tough choices
The keys are: Identify needs well Identify solutions well Plan well Buy well Implement & install well Operate well Share well Partnerships with industry and innovators
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Thank you