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The UK could lose billions in potential science investment unless it strengthens the infrastructure that supports research and innovation, according to a new report presented in Parliament.
The report, Beyond the Capital Gap: Phase Two, was produced by Pioneer Group and The Crown Estate, with research conducted by Henham Strategy.
It warns that large amounts of investment may flow into a system that currently lacks the capacity to support it effectively.
Three key challenges were identified: inconsistent support for venture creation, a shortage of specialist laboratory space, and growing gaps in leadership needed to scale science-based companies.
These issues are particularly noticeable outside the “Golden Triangle” of London, Oxford and Cambridge, where suitable lab facilities remain limited.
Pioneer Group executive director Toby Reid said the findings show the UK must move quickly from discussion to coordinated action.
Without stronger infrastructure around talent, lab space and venture support, he warned, the UK risks falling behind faster-moving global competitors.
Earlier research linked to the report suggested that addressing early-stage funding barriers could unlock more than 1,700 additional spin-out companies, create around 56,000 high-quality jobs and generate up to £27 billion in co-investment.
Industry leaders at the report’s launch also highlighted challenges accessing larger investment rounds once early funding has been secured.
The report’s authors are now inviting stakeholders from industry, academia and government to share their views on how to strengthen the UK’s science innovation ecosystem.
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