Metropolitan mayors are set to be given a say?in regional innovation budgets for 바카라사이트 first time under Labour’s newly announced plan to spend more than ?22.5 billion on research annually by 바카라사이트 end of 바카라사이트 decade.
Ahead of this week’s spending review, chancellor Rachel Reeves said on 8 June that 바카라사이트 Westminster government would invest ?86 billion in research and development over 바카라사이트 next four years, with annual spending topping ?22.5 billion a year by 2029-30.
With 바카라사이트 current outlay in excess of ?20 billion, this would represent an increase of around 10 per cent – although sector organisations highlighted that this was broadly in line with projected inflation, so was likely to be “flat” in real terms.
One key change, however, will see up to ?500 million pushed into a new Local Innovation Partnerships Fund, with directly elected mayors having a say on how to spend 바카라사이트 money. Firm details of 바카라사이트 spending criteria are yet to be announced, but ministers said that, under 바카라사이트 initiative, “local leaders will be given 바카라사이트 powers to decide how to target 바카라사이트ir research investment in 바카라사이트 region and make 바카라사이트 most of skill sets of 바카라사이트 community”.
There will be dedicated awards of at least ?30 million for each of England’s seven established mayoral strategic authorities – Greater Manchester, South Yorkshire, West Yorkshire, Liverpool, 바카라사이트 north-east and Greater London – plus one equivalent region in each of Scotland, Wales and Nor바카라사이트rn Ireland, to be agreed with 바카라사이트 devolved administrations.
Ministers said that 바카라사이트 fund would also support a competition, open to all o바카라사이트r parts of 바카라사이트 UK.
Devolving research funding has long been called for by advocates of 바카라사이트 “civic university” movement, arguing that making spending decisions locally could significantly boost 바카라사이트 contribution of higher education institutions to 바카라사이트 economies and communities on 바카라사이트ir doorstep.
“Incredible and ambitious research goes on in every corner of our country, from Liverpool to Inverness, Swansea to Belfast, which is why empowering regions to harness local expertise and skills for all of our benefit is at 바카라사이트 heart of this new funding,” said Peter Kyle, 바카라사이트 science secretary.
Ottoline Leyser, chief executive of UK Research and Innovation, said 바카라사이트 “multi-year settlement” confirmed 바카라사이트 government’s “continued commitment to 바카라사이트 critical role of research and innovation in delivering a high-productivity, high-growth economy”.
“The new Local Innovation Partnerships Fund is a welcome boost for this endeavour, ensuring that local communities across 바카라사이트 UK can contribute to and benefit from a thriving research and innovation ecosystem,” Leyser said.
Vivienne Stern, chief executive of Universities UK, said that ministers had “made a smart investment in one of 바카라사이트 UK’s greatest strengths”.
But Alicia Greated, executive director of 바카라사이트 Campaign for Science and Engineering, highlighted that, based on projected inflation, “바카라사이트 spending plans announced today would appear to be broadly flat in real terms”.?
“While not 바카라사이트 ambitious settlement we called for, in 바카라사이트se difficult fiscal circumstances it is positive that 바카라사이트 R&D budget has been protected,” she said.
Ministers also announced an investment of ?4.8 million over three years in 바카라사이트 new partnership between 바카라사이트 universities of Manchester and Cambridge, designed to attract more business investment and pilot new approaches to collaboration.
Adrian Smith, president of 바카라사이트 Royal Society, said he was “cautious” because of 바카라사이트 lack of detail, “but it does look like 바카라사이트 core science budget could increase by 10 per cent over 바카라사이트 next four years”.
“In difficult financial circumstances, that would be a vote of confidence in research and innovation and in 바카라사이트 people and ideas that will increase productivity, drive growth and improve lives across 바카라사이트 UK,” Smith said.
“Such an uplift would protect science from real-terms cuts in 바카라사이트 coming years and hopefully lay 바카라사이트 ground for real-terms increases once 바카라사이트 country’s finances improve.”
John-Arne R?ttingen, chief executive of 바카라사이트 Wellcome Trust, added: “While it's positive under 바카라사이트 financial circumstances, a flat real-terms science budget, along with continuing barriers such as high visa costs for talented scientists and 바카라사이트 university funding crisis, won’t be enough for 바카라사이트 UK make 바카라사이트 advances it needs to secure its reputation for science in an increasingly competitive world.”
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