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Today marks the launch of an assessment of evidence on the contribution of, and growth opportunities in, the bioeconomy in the United Kingdom.<\/strong><\/p>\n The bioeconomy includes all economic activity derived from bio-based products and processes such as the production of crops or the manufacture of the latest bio-based medical therapies. These contribute to sustainable and resource-efficient solutions to the challenges we face in food, chemicals, materials, energy production, health and environmental protection.<\/p>\n \u201cEvidencing the Bioeconomy\u201d is an evidence-based review of both the contribution of the bioeconomy to the UK economy and the prospects for growth. The report was commissioned by BBSRC and the Department for Business, Energy and Industrial Strategy.<\/p>\n Speaking today at the EuroScience Open Forum in Manchester Paul Burrows, Executive Director, Corporate Policy & Strategy Group at BBSRC said<\/strong> \u201cThe UK is fantastic at bioscience and we are building on that strength in a thoughtful way to underpin and enable growth in the UK bioeconomy. It is not just about the science or the economics, we know societal issues are just as critical to the development of any successful bioeconomy strategy\u201d.<\/p>\n <\/p>\nImportant findings include:<\/h3>\n
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\nIn 2014 the whole bioeconomy generated approximately \u00a3220Bn in Gross Value Added (GVA) and supported 5.2 million jobs. This was 13.6% of total GVA and is similar to the combined value of the construction and financial services industries (see ref 1<\/a>)<\/li>\n
\nIn respect of field-weighted citation impact, which is a measure of the \u2018quality\u2019 of research, the UK is ranked number one globally<\/li>\n<\/ul>\n