An innovative way forward

POLITICAL leaders have long been telling voters – particularly those in Yorkshire – that investment in new technology will underpin the region’s economic recovery. Now the Government is attempting to back that rhetoric with action, pledging £200m towards the creation of a national network of innovation centres.

Some perspective is required, however. The £200m will have to be split between six technology and innovation centres, suggesting that David Cameron’s government does not have the resources to back up its ambitions and rhetoric.

That said, it would be wrong to judge the funds as a token gesture. It is now up to Yorkshire’s key players to seize this opportunity. What these centres represent is a bridge between the universities and business, helping to commercialise what research is carried out.

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There is potentially great economic benefit to be derived from channelling scientific research into business, and positioning Yorkshire as a world-leading exporter of high value goods.

This was recognised when Ministers announced last month the first technology and innovation centre to focus on advanced manufacturing, and to include bases in South Yorkshire that will also exploit the area’s nuclear and engineering expertise.

Yet this welcome announcement should not dissuade the region’s leaders from bidding for even more recognition and funding.

Quite the contrary. The region could soon be a world leader in carbon capture and storage technology. Facilities such as the York University science park carry a global reputation and Hull is now at the forefront of the renewable energy industry.

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However, these ventures will all require the specialist expertise of the Government’s proposed innovation centre to fulfil their potential – and provide the new opportunities that Yorkshire needs.

The only way that regional leaders will be able to convince Ministers about the merits of investing in Yorkshire is by continuing to think outside the box by formulating high quality bids that make a compelling business case. If that happens, there is then no excuse for the coalition to sideline this region – especially if it intends honouring David Cameron’s commitment to narrow the North-South divide.