Government commits £484 million to cover loss of Horizon Europe
In response to the EU’s refusal to finalise the UK’s association with Horizon Europe, the Business Secretary announced on Monday 21st November that the government was prepared to commit £484 million to UK research funding. The package will provide much needed immediate investment to researchers, universities and research organisations, and be delivered across the UK.
The Business Secretary, Grant Schapps, said:
“The UK cannot wait indefinitely for the EU to meet its commitments which is why this funding is so important to boost research and innovation across the breadth of our country.”
The package includes:
- £30 million Talent and Research Stabilisation Fund. This will provide targeted support to eligible universities and research organisations who have a track record in attracting direct talent-based funding from the EU, to help them retain talent and address vulnerabilities at a local level.
- £100 million Quality-Related (QR) funding for English universities with additional funding for the Devolved Administrations. This will complement the Talent and Research Stabilisation Fund to deliver a one-off boost to enable universities to strengthen research capabilities – for example employing research staff, technicians or sustaining new areas of research - which are vital to the UK’s reputation for excellent research.
- £200 million for UK Research Infrastructures including additional funding for the Devolved Administrations. A one-off boost to the UK’s research infrastructure base. This includes the UKRI World Class Labs fund, enabling institutes and universities across the United Kingdom to invest in essential research equipment and sustain their excellent research base, as well as making funding available to the UK’s Public Sector Research Establishments (such as the National Physical Laboratory and the Met Office) to maintain their status as international centres of excellence.
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