Bridging the Valley of Death - David Pafrey, BBSRC

BIOECONOMYBridging the Valley of Death

David Parfrey FCMA CGMA FRSB FIoD Executive Director, Finance & Campus Operations

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

The bioeconomyoffers huge potentialto support a moreproductive, prosperousand sustainable UK

BBSRC deliversfor bioscienceand for the UK

EMPLOYMENT

BBSRC invests infrontier bioscienceacross the UK tofoster innovationin the bioeconomy

Grow the bioeconomy for a moreproductive and prosperous nation

World leading impactful research and innovation

World leading

capability

The greatest minds

A world leading

innovation environment

The recipe for the bioeconomy

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

Research & translationW

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Bridging the Valley of Death

2 way trafficRESEARCH MARKET

BBSRC is investing

• In research capability– National capabilities– Shared capabilities

• In translation support capabilities– Research & Innovation Campuses

• Babraham• Edinburgh• Aberystwyth• Norwich• Rothamsted

BBSRC invests inbioscience research,infrastructure andskills right acrossthe UK

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

Thank you