The UK Government has launched a review of business-university growth opportunities, led by GlaxoSmithKline chief executive Sir Andrew Witty. The report aims to address failings in the UK to commercialise university research by cultivating links with more local businesses surround the UK’s research hubs. Sir Witty, who is also chancellor of the University of Nottingham, said: “It is vitally important that the world-leading capabilities in our universities and research base are at the heart of both the industrial strategy and local growth strategies that recognize and build on areas of local strength.” Minister for universities and science David Willetts added: “A strong relationship between businesses and universities can provide real growth opportunities in local areas. By forging links and sharing best practice, an efficient and practical partnership will help to boost the economy, benefiting both businesses and institutions. It is critical to the government’s industrial strategy that universities play a full role in driving growth at a local level and then taking it on to a national and global scale.” The report is due out later in the year.

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