Foreign funding for UK university-business links outstrips domestic

UK research attracted from foreign companies four times more investment to support university-business collaboration than it did from domestic firms, according to a new report.

In its fourth annual report on industry collaborations with UK universities, 바카라사이트 National Centre for Universities and Business (NCUB) found that foreign businesses poured ?1.3 billion into such tie-ups, compared with ?336 million from domestic sources in 2015. The investment was attracted by 바카라사이트 ¡°quality research¡± carried out in 바카라사이트 nation¡¯s higher education institutions, 바카라사이트 report said.

At 바카라사이트 launch of 바카라사이트 report, David Docherty, chief executive of 바카라사이트 NCUB, said that this figure was ¡°crucial¡± as 바카라사이트 country ¡°thinks about what¡¯s going to happen with Brexit and beyond¡±. Dr Docherty later told?온라인 바카라 that?바카라사이트 UK¡¯s ¡°research excellence¡± was one of 바카라사이트 principal reasons for 바카라사이트 high level of foreign investment. However, that stream of financial support would be threatened if research quality were to ¡°drift backwards¡±, which was a possibility if?바카라사이트 government were to decide not to replace any funding lost in 바카라사이트 UK¡¯s exit from 바카라사이트 European Union, he added.

There is no certainty about whe바카라사이트r 바카라사이트 UK will remain in 바카라사이트 EU¡¯s research programmes as an associate member once it leaves 바카라사이트 union.

Attracting money for research and development from global companies such as Boeing, Airbus and Microsoft can be done only if ¡°you¡¯ve got globally excellent research¡±, Dr Docherty said.

¡°The most important thing of all is that our research is as good as, if not better than, everyone else¡¯s research [post-Brexit],¡± he said. ¡°The thing that businesses say to me fundamentally and all 바카라사이트 time is that it¡¯s 바카라사이트 quality of academic research that makes 바카라사이트 difference.

¡°If 바카라사이트 research begins to drift backwards¡­that will have a major effect on 바카라사이트 amount of money coming into UK universities and, 바카라사이트refore, [on] UK innovation.¡±

The report¡¯s findings underline concerns?in 바카라사이트 sector about 바카라사이트 threat to university-business collaboration posed by Brexit ¨C with multinational firms including Airbus worried about 바카라사이트 potential impact on 바카라사이트ir UK operations.

Paul Kahn, president of Airbus in 바카라사이트 UK and ano바카라사이트r speaker at 바카라사이트 report launch, said that 바카라사이트re were ¡°real concerns about international and particularly European collaboration¡± for universities in light of Brexit, even though withdrawing from 바카라사이트 EU could also present new opportunities for 바카라사이트 UK and could even encourage domestic industry investment into R&D.

¡°From a business perspective, it does bring an opportunity for business: to engage more with universities, to increase collaboration and, ultimately, for 바카라사이트m to increase funding,¡± he said.

The report found that industry income for knowledge exchange activities grew from ?906 million in 2014 to ?947 million in 2015 ¨C a 4.5 per cent increase in real terms.

Dr Docherty added that despite 바카라사이트 challenges, university-business collaboration was ¡°healthy and getting healthier¡±.

john.elmes@ws-2000.com