The UK Government has released its Bioeconomy Strategy, which outlines how the UK can become a world-leader in the bioeconomy by 2030.
The strategy, released on 5 December, seeks to double the value of the bioeconomy to the UK economy from £220 billion to £440 billion and create a fertile policy environment conducive to the growth of bio-based sector.
The strategy has four strategic goals, which are:
- Capitalise on the UK’s world-class research, development and innovation to grow the bioeconomy;
- Maximise productivity and potential from existing UK bioeconomy assets;
- Deliver real, measurable benefits for the UK economy; and
- Create the right societal and market conditions to allow innovative bio-based products and services to thrive.