In the Government’s Spending Review and Autumn Statement, Chancellor George Osborne has committed to protecting the £4.7 billion science budget in real terms up to until the end of the Parliament.
In the Government’s Spending Review and Autumn Statement, Chancellor George Osborne has committed to protecting the £4.7 billion science budget in real terms until the end of the Parliament.
Campaign for Science & Engineering - an independent advocate for science and engineering - Acting Director Naomi Weir said: “I’m delighted to hear the Chancellor backing science with real investment for the next five years. This announcement is great news for the UK and provides a platform to build on for future success.”
The science budget will include a new £1.5 billion Global Challenges fund to ensure UK science takes the lead in addressing the problems faced by developing countries whilst developing our ability to deliver cutting-edge research.
Chancellor Osborne also announced the planned budget for health research, Innovate UK, science capital commitment and general scientific research.
£5 billion for health research and development.
Up to £150 million investment for the launch of a Dementia Institute.
New £1 billion Ross Fund, partnered by the Bill and Melinda Gates Foundation, to support the global fight against malaria.
Launch the Global Antimicrobial Resistance Innovation fund in partnership with China.
£10 million for the expansion the Healthcare Innovation Test Bed programme.
£250 million for the 100,000 Genomes Project to introduce whole genome sequencing technology in the NHS, including funding for Genomics England.
£400 million to fund Public Health England labs in Essex to help combat threats such as flu and Ebola.
It will retain its clear business focus and separate funding stream.
Integration of Innovate UK into Research UK in order to strengthen collaboration between the research base and the commercialisation of discoveries in the business community.
New finance products to support companies to innovate following best practice in countries such as France, Finland and the Netherlands. These will replace some existing Innovate UK grants, and reach £165 million per year by 2019-20, so that total Innovate UK support is maintained in cash terms.
Up to £150 million (total capital and resource) to launch a competition for a Dementia Institute, to build on the UK’s strengths in medical research.
£75 million for the University of Cambridge’s Cavendish Laboratories.
General research funding
The government will take forward a review of the Research Excellence Framework in order to examine how to simplify and strengthen funding on the basis of excellence, and will set out further details soon.
Over £1 billion funding for aerospace and automotive technologies for 10 years in cash terms will be provided.
£250 million for ambitious nuclear research and development programme.