The importance of investment in science, technology and innovation to Ireland's future economic and social development and well-being is well recognised by Government. The RTDI investment of €2.5 billion as set out in the national development plan is of such a scale that the allocation can be regarded as a major milestone in economic development policy. Expenditure of this scale is necessary to secure Ireland's global competitive position at a time when other leading economies are significantly strengthening their advanced scientific and technological capabilities.