LOW LEVELS OF INNOVATION HIGHLY REGULATED POOR COORDINATION ACROSS RESEARCH BASE Agri-foodtech Challenges LIMITED UK GLOBAL PLAYERS INNOVATION GAPS POOR COMMUNICATION ALONG SUPPLY CHAIN MAJOR ENVIRONMENTAL CHALLENGES DIFFERING DRIVERS AMONG PLAYERS LOW PRODUCT MARGINS UNCONTROLLABLE EXTERNALITIES Tackling the challenges We have the tools We have the players We have the desire We know what we need to do We don’t need to do ‘new’ things, we need to just do what we currently do ‘better’ This challenge can be the ‘glue’ which allows us to leverage our tools / networks / relationships to deliver success – but what is success? • Jobs • Economic Treasury development • Investment • Trade OGDs • Investment (Defra, DIT, DFID)• Sustainability • Development goals • Increased innovation • Greater R&D UKRI expenditure • Intl research standing • Impact LEPs / RDAs • Regional clusters • Economic development What does success look like? • Safe, sustainable food production Public • Job opportunities • New 'tools' Producers• Increased margins • Reduced inputs •New or enhanced revenue streams •Reduced inputs Companies •Compete globally •Access to cutting edge R&D and expertise • Impact • Publications Academia • Intl research standing • Revenue Success to me means … Driving increased industry engagement to leverage £270m+ (3:1) of new investment in agrifood-tech in UK