:00:00. > :00:07.what happens to this one. I think the charity funders and universities
:00:08. > :00:16.are in need of some clarity here. My Lord may I acknowledge Viscount
:00:17. > :00:21.Younger. I must declare an interest that I set on the advisory Council
:00:22. > :00:26.of engineering and physical science research Council. -- I sit one. I
:00:27. > :00:33.also hold academic appointment at Imperial College London. This
:00:34. > :00:36.country is a research superpower. We have a world leading research that
:00:37. > :00:44.contributes to the development of all people. Everywhere. As they face
:00:45. > :00:48.an uncertain future with Britain's exit from the European Union. It is
:00:49. > :00:57.essential that we enhance our research leadership and not diminish
:00:58. > :01:05.it. The greatest threat is not funding, but it is to talent. Must
:01:06. > :01:12.secure and sustain our ability to attract, excite and reaching you
:01:13. > :01:16.will's greatest minds. No institutional framework can
:01:17. > :01:20.compensate for a decision to close ourselves to the will's we
:01:21. > :01:26.searchers. We must remain an open society. Turning now to the bill and
:01:27. > :01:35.its research ambition will stop I agree with creating a strategic
:01:36. > :01:42.vision and ensuring that research is more than the sum of its parts. The
:01:43. > :01:43.opportunities for greater coordination and cross disciplinary
:01:44. > :01:46.research are significant.