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RAE Annual Review Bankers National Westminster Bank plc Charing Cross, London Branch PO Box 113 Cavell House 2a Charing Cross Road London WC2H OPD Solicitors Bristows 100 Victoria Embankment London EC4Y 0DH Auditors PKF (UK) LLP Farringdon Place 20 Farringdon Road, London EC1M 3AP Investment Advisers OLIM Limited Pollen House Annual Review 10-12 Cork Street The Royal Academy of Engineering promotes The Royal Academy of Engineering London W1X 1PD excellence in the science, art and practice of 3 Carlton House Terrace, London SW1Y 5DG engineering. Tel: 020 7766 0600 Fax: 020 7930 1549 Registered charity number 293074 www.raeng.org.uk 2011/2012 Engineering Strategic Priorities the Future Competing in the global economy For the engineering leaders of tomorrow A series of debates Two lectures by Lord Browne of Madingley President, The Royal Academy of Engineering 2006-2011 As the UK’s national academy for engineering, we bring together the most successful and talented engineers from across the engineering sectors for a shared purpose: to advance and promote excellence in engineering. We provide analysis and policy support to promote the UK’s role as a great place from which to do business. We take a lead on engineering education and we invest in the UK’s world class A selection of Academy and research base to underpin innovation. We work to improve public awareness and understanding Engineering the Future publications of engineering. We are a national academy with a global outlook and use our international partnerships to ensure that the UK benefi ts from international networks, expertise and investment. 2011/2012 Nuclear Construction Lessons LearnedLessons Learned The Academy’s work programmes are driven by four strategic challenges, each of which provides a key Guidance on bestBest practice:Practice: weldingWelding contribution to a strong and vibrant engineering sector and to the health and wealth of society. 1 Making green growth real: UK offshore wind supply chain Achieving excellence in engineering Drive faster and more balanced Foster better education and skills education: the ingredients of successful change economic growth The strategic challenge is to create a system of March 2012 The strategic challenge is to improve the capacity engineering education and training that satisfi es of UK entrepreneurs and enterprises to create the aspirations of young people while delivering innovative products and services, increase wealth the high calibre engineers and technicians that and employment and rebalance the economy in businesses need. favour of productive industry. Promote engineering at the Lead the profession heart of society The strategic challenge is to harness the collective The strategic challenge is to improve public Engineering expertise, energy and capacity of the engineering understanding of engineering, increase the Future profession to enhance the UK’s economic and awareness of how engineering impacts on lives social development. and increase public recognition for our most Athlete or Machine? Which is more important in talented engineers. the bob skeleton event? A STEM teaching and learning resource from The Royal Academy of Engineering Smart infrastructure: the future Lecture series in Mobile Telecommunications and Networks The 2011 Hinton Lecture and optional dinner How mobile phones promote Engineering challenges at the energy frontiers The Royal Academy of Engineering economic development Panel for Biomedical Engineering Bob Dudley Tom Standage CEO, BP plc Digital Editor, The Economist Monday 11 April 2011 Engineering innovation in the Monday 27 February 2012 6pm for 6.30pm 6.00pm for 6.30pm Venue: Venue: The Royal Institution of Great Britain Tuesday 15 November 2011 The Royal Society 21 Albemarle Street 6-9 Carlton House Terrace London W1S 4BS Venue: London SW1Y 5AG The Academy of Medical Sciences 41 Portland Place London W1B 1QH Engineering the future of water Review of 2011 discussion series The Royal Academy of Engineering Incorporated by Royal Charter HRH The Prince Philip Duke of Edinburgh KG KT OM GBE Senior Fellow HRH The Princess Royal KG KT GCVO QSO Royal Fellow HRH The Duke of Kent KG GCMG GCVO Royal Fellow Sir John Parker FREng President Contents Annual review Strategic priorities inside front cover President’s review 2 Chief Executive’s foreword 4 Drive faster and more balanced economic growth 6 Foster better education and skills 10 Lead the profession 14 Promote engineering at the heart of society 18 Academy highlights 2011-2012 24 Academy funding 26 Annex 27 View the online version of the Annual Review along with the full Financial Report and Accounts at: www.raeng.org.uk/about/annrev Contents 1 President’s review other generous contributors. Through communications and collaboration on Despite the current challenging a range of initiatives, we are helping policy so that we can better fulfi l our economic climate, these schemes shape national education policy; duties to the nation. have continued to attract strong supporting teaching in schools, colleges investment from industry. We now and universities; promoting technical Queen Elizabeth Prize for have 40 Research Chairs and Senior skills and seeking to inspire and engage Engineering Research Fellows and 54 Research young people. Our aim is to create Fellows in post. The new Engineering opportunities for many more young Today, the world needs engineering Enterprise Fellowships were awarded people so that they can enjoy fulfi lling innovation as much if not more than for the fi rst time and off er a brilliant engineering careers and to help create ever before. The launch of the Queen package of support for outstanding the skilled workforce that the nation Elizabeth Prize for Engineering will not innovators in UK universities, allowing needs for a rebalanced economy. only recognise outstanding engineering researchers to spend 12 months achievement but will illuminate the developing the commercial potential Our fundraising campaign has also infl uence and impact of engineering on of their research while benefi ting from enabled the extensive refurbishment of the world to a much wider audience. business training and mentoring from the Academy’s premises. The building The launch of the prize in November Academy Fellows with a track record of has become truly fi t for purpose with 2011 was supported by all three main successful innovation. new public spaces and superb facilities, political parties – a rare occurrence and made possible through the generosity a very public acknowledgment that Finally The 35th anniversary year of the Fellows of friends and supporters who share engineering underpins every aspect Academy saw some of our Fellowship’s our vision of a Forum for engineering in of society and needs to be nurtured, I would like to take this opportunity long-held aspirations become reality. Our eff orts to encourage a the UK. We now have a worthy home recognised and celebrated. to thank the Fellows who sit on our Under Lord Browne’s focused and broader-based Fellowship that is more in which the whole engineering family Council and committees for the determined leadership as President representative of the society we serve can come together, alongside the The framework for the prize has now sterling work they have done to lead, from 2006 to 2011, the Academy has is bearing fruit, with more women public and policymakers, to tackle the been established, the distinguished shape, undertake and promote the developed its leadership role, increased engineers elected to the Fellowship critical issues we face. We are honoured international judging panel appointed Academy’s agenda over the past year. its contribution to national policy, and a better balance of the strengths of that our Senior Fellow has given his under the chairmanship of an Academy The senior Vice President, Professor strengthened its support for researchers engineering across both industry and permission to name the building Prince Past President, Lord Broers, and the Sir William Wakeham, has provided and entrepreneurs, deepened its academia. I have been travelling around Philip House. coming year will see the fi rst prize exceptional support and leadership. international relationships, raised its the UK meeting as many of our Fellows winner announced in May 2013. The Our CEO, Philip Greenish and his profi le with the public and opinion as possible where they live and work to Leadership search for the winning entry will provide staff team, continue to serve the leaders and reached out to more young hear their views fi rst hand on how our an excellent platform from which to Academy with professionalism, energy people than ever before. Lord Browne Academy can develop for the future. As a national academy, a great strength promote the story of engineering in a and enthusiasm. Together, we are was also critical in securing the lease to is that we span all sectors of engineering uniquely inspiring way. I am delighted committed to ensuring the Academy the Academy’s Carlton House Terrace Friends and supporters and are rooted in the professional to be a trustee for the Prize, under the makes a very signifi cant contribution premises in 2006 which has undergone engineering institutions of the UK. chairmanship of Lord Browne. to engineering at this critical time, signifi cant renovations over the last year. Our progress depends on partnership Over the year, we have developed supporting the innovation, skills and with friends and supporters who share our leadership role by harnessing the Supporting national capacity policy framework that the nation needs. Another engineering landmark took our ambitions for the Academy and strengths across the profession, with place in the last year: working in our aspirations for engineering. As more of our policy and communications In adopting the new strategic plan, the Sir John Parker FREng partnership with the government, President and, formerly, as the chair of activities being undertaken jointly Academy’s Council set the number one President the Academy launched the Queen the Development Campaign Board, I with partners across engineering.
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