Research is an important element to achieve progress, however, the European research effort is significantly smaller than for example that of the U.S.A. To realise a “Europe of Knowledge” basic research in Europe should be reinvigorated. LERU recommends different ideas to improve research in Europe, such as the need for a world leading research base and the importance of competitive funding in Europe. LERU also emphasises the importance of a tripartite collaboration between universities, industry and government.