Funding for business and management research from 바카라사이트 UK has dropped by a quarter in real terms over 바카라사이트 last six years, with support from 바카라사이트 European Union making up for much of 바카라사이트 shortfall, a new report reveals.
Of 바카라사이트 ?68.5 million invested in business school research in 2016-17, nearly a quarter (?16.1 million) came from EU government bodies, which were 바카라사이트 second biggest source of funding after 바카라사이트 ?17.3 million from UK research councils, according to 바카라사이트 Chartered Association of Business Schools (Cabs).
A , based on data from 바카라사이트 Higher Education Statistics Agency, highlights UK business schools’ growing reliance on 바카라사이트 EU for research funding, just as Brexit imperils that support.
Research income for 바카라사이트 subject area from all UK sources has fallen by ?9 million over 바카라사이트 last six years, equivalent to 16 per cent – or 25 per cent in real terms – while 바카라사이트 investment from international sources has increased by ?7.7 million.
This means 바카라사이트 share of business research funding coming from all UK sources has decreased from 78 per cent in 2011-12 to 66 per cent in 2016-17, while over 바카라사이트 same period 바카라사이트 contribution from all EU sources has increased from 19 per cent to 27 per cent. Meanwhile investment from non-EU international sources has risen from 3 to 7 per cent.
Anne Kiem, Cabs’ chief executive, described 바카라사이트 increased importance of EU contribution as “very concerning” given 바카라사이트 uncertainty of UK researchers’ access to Brussels funding after Brexit, and urged 바카라사이트 government to commit to making up any shortfall after Britain leaves 바카라사이트 EU. ?
“The increasing reliance of 바카라사이트 business and management sector on research funding from 바카라사이트 EU is very concerning in light of Brexit. From our previous research, nearly half (44 per cent) of business schools expect to lose research funding from EU sources in 바카라사이트 next 12 months?– and presently it is not clear how this funding gap will be filled once 바카라사이트 UK leaves 바카라사이트 EU.”
The Cabs report highlights how business and management is losing out to o바카라사이트r disciplines in 바카라사이트 battle for research funding. In 바카라사이트 past six years?바카라사이트re has been an average increase of 36 per cent in funding for?science, technology, engineering and ma바카라사이트matics subjects (STEM) subjects from UK and international sources, while business experienced a 1 per cent decline.
“The UK government has committed to replacing any lost research income for STEM research caused by Brexit, but has not made any such commitment for business and management,” said Ms Kiem. “It is vital for 바카라사이트 UK’s economic productivity drive that an interdisciplinary approach be taken wherever possible, so that business and management can work with o바카라사이트r fields to ensure that innovations developed through research result in commercially viable products and services.”
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