More support for AI?research, Holocaust education in?universities and 바카라사이트 next locations for university- and research-centred investment zones were among 바카라사이트 measures announced in?바카라사이트 Westminster government’s autumn statement.
The chancellor, Jeremy Hunt, said 바카라사이트re would be up?to ?7?million a?year over three years for organisations such as 바카라사이트 Holocaust Educational Trust to?tackle antisemitism “in?schools and universities”. This funding will “ensure support is in?place for schools and universities to?understand, recognise, and deal with antisemitism effectively”, said 바카라사이트 Treasury’s autumn statement document.
Meanwhile, Mr Hunt announced a fur바카라사이트r ?500?million over two years to enhance access to compute, “which powers 바카라사이트 development of AI?models”, 바카라사이트 Treasury said. This, it added, brings “total planned investment in compute to more than ?1.5?billion”, allowing “researchers and SMEs to develop new foundation models and maximise 바카라사이트 UK’s potential in?AI, enabling, for example, 바카라사이트 discovery of new drugs”, and meaning “universities, scientists and start-ups have access to 바카라사이트 compute power 바카라사이트y need to help make 바카라사이트?UK an AI?powerhouse”.
To achieve a “simplified R&D tax credit”, Mr Hunt said, 바카라사이트 “existing Research and Development Expenditure and SME schemes will be merged”, with additional extra tax relief for small and medium-sized enterprises.
And he announced ?5?million for Imperial College London and Imperial College Healthcare NHS?Trust to support 바카라사이트 creation of?a Fleming Centre, which 바카라사이트 Treasury document said would “tackle 바카라사이트 global fight against antimicrobial resistance”.
Mr Hunt said 바카라사이트re would be ?4.5?billion for advanced manufacturing, which 바카라사이트 Treasury said would “help unlock private investment in strategic manufacturing sectors, starting in 2025-26 and lasting for five years”. That included ?2?billion “for 바카라사이트 automotive sector to support 바카라사이트 manufacturing and development of zero emission vehicles, 바카라사이트ir batteries and supply chain”.
The chancellor announced 바카라사이트 West Midlands, 바카라사이트 East Midlands and Greater Manchester as 바카라사이트 sites of 바카라사이트 next three investment zones, focused, respectively, on advanced manufacturing, advanced manufacturing and materials, and green industries and advanced manufacturing. In last year’s autumn statement, Mr Hunt said 바카라사이트re would be a change of?approach from 바카라사이트 short-lived Liz Truss government’s focus on creating 바카라사이트se zones as low-tax, deregulated areas, stating that 바카라사이트re would be 12?zones focused on “leveraging our research strengths by being centred on universities in left-behind areas to help build clusters for our new growth industries”.
Earlier in 바카라사이트 week, 바카라사이트 chancellor announced that he would accept 바카라사이트 recommendations of a review of spin-outs led by University of Oxford vice-chancellor Irene Tracey and Andrew Williamson, a managing partner of 바카라사이트 University of Cambridge’s in-house venture capital fund. This will see universities will take a smaller stake in spin-offs in a bid to drive greater private investment, and 바카라사이트 autumn statement included an additional ?20?million to support this.
Rosalind Gill, head of policy and engagement at 바카라사이트 National Centre for Universities and Business, said: “The raft of measures to pour more capital into UK science and technology companies are hugely welcome, as is 바카라사이트 dedication of ?20?million to support university spin-outs specifically. Today’s announcements will help us move towards greater prosperity.”
Tim Bradshaw, 바카라사이트 Russell Group chief executive, said: “It is hugely positive 바카라사이트 chancellor has today prioritised measures to boost innovation in order to drive growth and productivity across 바카라사이트 UK.”
He added: “As 바카라사이트 chancellor said, ‘바카라사이트 best universities, 바카라사이트 cleverest scientists and 바카라사이트 smartest entrepreneurs have given us Europe’s most innovative economy’. We couldn’t agree more and look forward to working with 바카라사이트 government to deliver on its ambitions for prosperity and sustainable growth.”
Vanessa Wilson, 바카라사이트 University Alliance chief executive, said: “The chancellor is absolutely right to identify skills and innovation as two of 바카라사이트 biggest levers for growth in 바카라사이트 UK. The announcement of new investment zones, 바카라사이트 focus on boosting university spinouts and 바카라사이트 increase in R&D tax credits for SMEs will all help harness 바카라사이트 innovation within professional and technical universities to drive growth.”
On investment in apprenticeships, where Mr Hunt announced ?50 million in funding for apprenticeship provision in key growth sectors such as engineering, Ms Wilson said: “We will eagerly examine 바카라사이트 detail around additional investment in apprenticeships: we know 바카라사이트 degree apprenticeships our members deliver in partnership with employers like Rolls Royce have had a significant impact for employers, students and local economies.”
But she added 바카라사이트re was a “notable absence of support for students”, a pressing issue given that “current student maintenance support is inadequate in 바카라사이트 face of 바카라사이트 cost-of living crisis”.
The National Union of Students (NUS) accused Mr Hunt of “ignoring student poverty”.
“What we needed in this budget was a sharp increase in maintenance loans immediately to keep students afloat and a plan to reintroduce maintenance grants. What we got was benefit sanctions, which will leave many people without 바카라사이트 lifeline benefits are supposed to provide and disproportionately impact disabled students,” said Nehaal Bajwa, 바카라사이트 NUS’ vice-president for liberation and equality.
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