£100 million to support new research facilities

George Osborne in his Budget speech has pledged £100 million in an investment in major new research facilities in UK universities. This cash is will be very much welcomed.

For Britain to be Europe’s centre for technological innovation, science-based businesses must be at the heart of the UK’s economic recovery.

Professor Sir Peter Knight, President of the Institute of Physics

Details are patchy at the moment, but the money is intended to help attract private investors. This will be great for more applied reserach, for example joint university and industry research facilities.

Whatever the details, this good news and hopefully will go towards offsetting the recent cuts.


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