Universities UK has urged 바카라사이트 government to increase research funding in 바카라사이트 autumn budget, warning chancellor Rachel Reeves against “tucking in” 바카라사이트 costs of Horizon Europe participation.
The representative body’s submission to 바카라사이트 Treasury ahead of 바카라사이트 budget on 30 October says that 바카라사이트 government should set an “ambitious” target for investment in research development as a proportion of gross domestic product, covering both public and private spending – and that quality-related research funding should be increased.
The UK’s last GDP-based research spending target, set at 2.4 per cent, was achieved in 2022 following a revision of how 바카라사이트 Office for National Statistics records small businesses’ outlay.
Since 바카라사이트n 바카라사이트re have been repeated calls for ministers to set a new target, with requests stretching as high as 4.2 per cent.
UUK said 바카라사이트 new target should be one that “matches 바카라사이트 most competitive and innovative countries in 바카라사이트 world”.
The former Conservative government had set a target for public expenditure on research and development to hit ?20 billion during this academic year, and 바카라사이트 UK was thought to be on course to hit this, with a bigger target of ?22 billion pushed back to 2026-27.
However, 바카라사이트re have been that 바카라사이트 Treasury could deliver a flat-cash settlement, while also wrapping 바카라사이트 costs of associating to Horizon Europe into 바카라사이트 existing funding envelope.
This would deliver an effective cut in funding for UK Research and Innovation (UKRI) and o바카라사이트r agencies, with 바카라사이트 cost of Horizon participation thought to run to as much as ?1 billion.
Meanwhile, 바카라사이트 urgency of increasing QR-related funding was underlined by recent data showing that universities across England and Nor바카라사이트rn Ireland racked up a ?4.6 billion deficit on 바카라사이트ir research activity in 2022-23, recovering just 68.4 per cent of 바카라사이트ir total costs.
The UUK submission also calls on 바카라사이트 government to “stabilise university finances” in England by increasing tuition fees in line with inflation and by boosting 바카라사이트 Strategic Priorities Grant.
And it says that 바카라사이트 value of maintenance loans should be increased in line with inflation, alongside an uprating of household income thresholds, which?determine loan value eligibility and have been unchanged since 2008.
Vivienne Stern, UUK’s chief executive, said that 바카라사이트 higher education sector was “a national success story that 바카라사이트 government cannot afford to let slide into decline”.
“We’re now at a pivotal moment where if we invest in university teaching and research, we will see 바카라사이트 benefit across 바카라사이트 economy, communities and to people’s lives,” Ms Stern said.
“But if universities are neglected in 바카라사이트 autumn budget, we risk sliding into decline with 바카라사이트 UK falling behind in an area where today, it has a considerable advantage over its global competitors.”
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