Universities and Growth - Professor Sir Peter j Gregson, Vice-Chancellor, Cranfield University

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Universities and Growth - Professor Sir Peter j Gregson, Vice-Chancellor, Cranfield University

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Universities and Growth - Professor Sir Peter j Gregson, Vice-Chancellor, Cranfield University

  1. 1. The story so far; the challenges ahead Peter J Gregson FREng CEO & VC of Cranfield University Universities and economic growth
  2. 2. Golden triangle for economic growth Business Government Universities Plus Finance, Labour Market, Charities
  3. 3. Businesses • GSK, RR, JLR, Seagate, Santander, Unilever Global Corporates • Supply chains “Growing the Ms” • Science parks “Developing the Ss”
  4. 4. Government • 11 sectors, 8 great technologies Industrial strategy • Witty; TSB Catapults; NCUB; LEPs? National & Regional • 49% public funding Higher Education
  5. 5. Government funding of Universities • £3.5bn: T (STEM), QR, Knowledge exchange HEFCE Recurrent • £3bn; Haldane vs Managed RCUK/TSB • £1.1bn (Targeted & Leveraged); Universities Infrastructure
  6. 6. Universities • Culture to healthcare Societal enhancement • £28bn / 320,000 jobs; £73bn (2.8% GDP) Sustainable Businesses • UG; PG; Executive education Capacity – Global Graduates • Businesses, Government, Society Capability – World-class Research • Partnership; Commercial exploitation Innovation
  7. 7. Graduates • Schools / Universities / Business / Government UG - Employability • Sustainable funding (CPLS) PG - Career Enhancement • Policy; Perception; Process International
  8. 8. Research • Citations; <2.5% GDP Excellence of UK Research Base • Lambert/Wilson; NCUB; RR UTCs etc University–Business collaboration • Asset sharing; International partnership University-University collaboration
  9. 9. Research benefits to businesses Thought-leaders Cutting-edge facilities Resources & consortia Open innovation environment Human capital
  10. 10. Innovation • Bio Pharma vs Construction Sector differentiation • Embedded vs Unencumbered • Partnerships (IP Group etc) IP Commercialisation • People, place & infrastructure Ecosystem
  11. 11. Challenges ahead Globally competitive UK HE (T & R) Sustainable PG funding Stable infrastructure funding Engaging supply chain Ms Impact, innovation & internationalisation

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