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The outcome of the quinquennial review of the CCLRC was announced on 26 February 2001 and the stage 1 report published. The principal recommendation was that the relationship of the Research Councils and CCLRC as customer and supplier had proved to be sub-optimal and should be changed to a Strategic Ownership model in which CCLRC was brought under the joint ownership of the grant awarding Research Councils.
Stage 2 of the review examined the issues associated with the implementation of that model, but concluded that the CCLRC should remain a Research Council, take on new strategic and advisory responsibilities, and receive direct funding from the OSI. The Government accepted the review's recommendations.