The RSS has helped produce a report, ‘Mathematical Sciences: Driving the UK economy’ in its role as part of the Council for the Mathematical Sciences (CMS).
The six-page report uses accessible infographics to make several key points. It stresses how important the mathematical sciences are to the UK economy; currently contributing 16% of UK GVA (Gross value added - £208bn) and 10% of jobs. It also highlights what the challenges we currently face in this area and what action needs to be taken to ensure the UK has sufficient mathematical skills to ‘be a leading force in the global economy’.
The document draws together research from 30 separate reports published over the past five years which demonstrate the need for good mathematical skills to drive the economy going forward.
It quotes the British Academy report that predicts 'Big and Open Data will contribute an additional £147bn to GDP by 2020’ and its call on the government to improve the country’s quantitative skills.
The report also points out the observation from the Biotechnology and Biological Sciences and Medical Research Councils (BBSRC and MRC respectively) that there are a lack of maths, stats and computational biology skills at postgraduate and doctoral levels.