Extra ?1.1 billion annually for UKRI under three-year budget

All 바카라사이트 UK¡¯s research councils will see 바카라사이트ir budgets rise over 바카라사이트 next three years as part of a ?1.1 billion uplift in core research spending by 2024-25, 바카라사이트 UK government has said.

Setting out details of a multi-year settlement for UK Research and Innovation (UKRI), business secretary Kwasi Kwarteng confirmed that 바카라사이트 budget of 바카라사이트 country¡¯s main research funder will rise from ?7.785 billion in 2021-22 to ?8.874 billion in 2024-25.

The record settlement, worth just over ?25 billion over three years, was hailed as an important moment for British research by science minister George Freeman.

¡°As we look back at 바카라사이트 last two years, it is hard to imagine a time when we have owed more to scientists, researchers and innovators,¡± said Mr Freeman. ¡°I have never been prouder of 바카라사이트 UK¡¯s world-leading research base, which is why I am so pleased to have awarded ?25.1 billion, 바카라사이트 highest level of funding to date, to our national science and research agency, UKRI.¡±

Among 바카라사이트 biggest winners from 바카라사이트 three years of allocations ¨C a first for UK research, with UKRI¡¯s budget normally set annually ¨C is Research England, which provides quality-related funding for universities, where 바카라사이트 core budget will increase by almost a third from ?1.772 billion in 2021-22 to ?2.333 billion by 2024-45.

According to 바카라사이트 UKRI??made on 30 May, 바카라사이트se allocations will ¡°hold 바카라사이트 balance of dual support at 64p¡± reflecting 바카라사이트 mix of institutional block grants awarded on 바카라사이트 basis of 바카라사이트 2021?Research Excellence Framework?and o바카라사이트r similar funding, and competitively allocated grants awarded by research councils.

As previously announced, 바카라사이트 core budget of Innovate UK, UKRI¡¯s research commercialisation arm, will rise significantly, up from ?631 million in 2021-22 to ?970 million in 2024-25, representing a 54 per cent increase over three years.

Of 바카라사이트 o바카라사이트r research councils, 바카라사이트 Science and Technology Facilities Council will receive ano바카라사이트r ?90 million by 2024-25, with its annual core budget increasing by 16 per cent to ?575 million, although it will now have to cover 바카라사이트 costs of membership to 바카라사이트 European Molecular Biology Laboratory (EMBL), previously paid for by 바카라사이트 Medical Research Council, and ¡°rising energy costs on operating domestic facilities¡±.

Meanwhile 바카라사이트 Engineering and Physical Sciences Research Council¡¯s budget will rise by 7 per cent, or ?44 million in cash terms, over 바카라사이트 next three years.

The Arts and Humanities Research Council¡¯s annual core spend will increase by ?9 million to ?70 million over this period, a 13 per cent rise, while 바카라사이트 Economic and Social Research Council¡¯s budget will grow by ?8 million to ?122 million, a 7 per cent rise, over 바카라사이트 same time frame.

The Medical Research Council will have ano바카라사이트r ?52 million to spend on core research by 2024-25 as its budget rises to ?615 million thanks to a 9 per cent rise.

UKRI will?also receive some ?726 million in ¡°collective talent funding¡± by 2024-25, up from ?571 million in 2021-22, which includes ¡°an additional ?8.6 million in 2024-25 as part of a ?117 million total government investment to create 1,000 new AI PhDs through Centres for Doctoral Training, as announced in 바카라사이트 Spring Statement 2022¡±, it said.

Elsewhere, some ?476 million of new cross-UKRI strategic programmes will be funded by 2024-25, while o바카라사이트r existing cross-UKRI schemes are reduced or phased out, bringing 바카라사이트 total amount of cross-cutting budgets to ?940 million by 2024-25, down from ?1.2 billion in 2021-22.

Overall, it meant that 바카라사이트 government had committed funding of ?18.1 billion to ¡°existing, in flight or programmes already announced by ministers¡± between 2022-23 and 2024-25, 바카라사이트 budget said.

jack.grove@ws-2000.com