- A new chair has been appointed to lead Edinburgh’s reforms, investment, and research review.
- The appointment of the new chair is part of the UK government’s efforts to boost economic growth and investment in Scotland.
- The chair will be responsible for driving forward reforms to improve the investment and research landscape in Edinburgh, with a focus on increasing collaboration between academia and industry.
- The review will also explore ways to enhance the city’s reputation as a global hub for research and innovation.
- The chair brings extensive experience in investment management and corporate finance, having previously served as chairman of a leading Scottish investment company and held senior roles in various financial institutions.
- The review is expected to deliver a series of recommendations in the coming months that will help Edinburgh to become a more attractive destination for investors and researchers alike.
- The UK government is committed to supporting Scotland’s economic recovery and growth, and this appointment reflects its determination to create a thriving business environment in the country.
The UK government has recently appointed a new chair to drive forward reforms, investment, and research in Edinburgh, Scotland. The new chair, Douglas Oakervee, is expected to lead the independent review of the city’s research and innovation infrastructure. The review will aim to make recommendations on how Edinburgh can attract more investment and establish itself as a leading global hub for research and innovation.
The appointment of Oakervee comes after Edinburgh was selected as the first city in the UK to benefit from the government’s £4 billion Levelling Up Fund. The fund is designed to support regeneration and infrastructure projects in areas that have been left behind in terms of economic growth. As part of the fund, Edinburgh will receive £50 million to invest in projects that will create jobs and boost the local economy.
Oakervee’s appointment is also part of the government’s wider efforts to promote research and innovation across the UK. The government has recently launched its Innovation Strategy, which outlines a range of measures designed to encourage businesses to invest in research and development. The strategy includes a commitment to increase public investment in research and development to £22 billion per year by 2024/25.
Speaking about his appointment, Oakervee said, “I am delighted to have been appointed to lead this review of Edinburgh’s research and innovation infrastructure. Edinburgh has a rich history of innovation and has produced some of the world’s leading scientific and technological breakthroughs. I am looking forward to working with stakeholders across the city to identify ways in which we can build on this legacy and establish Edinburgh as a world-leading hub for research and innovation.”
The review is expected to begin in the coming weeks and will involve consultation with a range of stakeholders, including local businesses, universities, and research institutions. The final report is due to be published later this year and is expected to set out a roadmap for how Edinburgh can build on its existing strengths and attract more investment in research and innovation.
The appointment of Douglas Oakervee as chair of the review of Edinburgh’s research and innovation infrastructure is a significant step forward in the government’s efforts to promote research and innovation across the UK. With £50 million of funding already secured as part of the Levelling Up Fund and the government’s commitment to increase public investment in research and development, there is a real opportunity for Edinburgh to establish itself as a world-leading hub for research and innovation.
Source: Gov[Dot]UK
