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RCUK welcomes £600 million investment in research and innovation


05 December 2012

Research Councils UK (RCUK) is delighted to welcome the new £600m funding for research and innovation announced today (5 December) by the Chancellor of the Exchequer, George Osborne, during his Autumn Statement.

The investment will support the development of innovative technologies and strengthen the UK’s competitive advantage in areas such as:

  • Big Data and energy efficient computing
  • Synthetic biology
  • Energy Storage
  • Advanced Materials

Professor Rick Rylance, Chair of Research Councils UK, said: “This very welcome investment acknowledges the crucial contribution of research to economic growth and the societal wellbeing of the UK. It will also significantly advance the future of our outstanding research base.

“RCUK is committed to supporting excellent research across a wide range of disciplines and providing access to a full range of world-class research facilities. The funds made available today will underpin the key areas for capital and infrastructure investment identified in our new Strategic Framework for Capital Investment, announced just last month by the Chancellor. Such vital investment allows the Research Councils, collectively, to provide an infrastructure essential for the future sustainability of UK research competitiveness, and it will support the UK in maximising its innovation potential and driving economic growth.”

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Further information

Contact:
Katie Clark
Press and Communications Manager
Tel: 01793 444592 or email: Katie Clark

Notes to editors

  1. Although the broad areas for investment have been identified, further details will be confirmed when available.

  2. Investing for growth: Capital Infrastructure for the 21st Century, is a strategic framework against which Research Councils will plan future investments in the UK’s capital infrastructure for research. The publication is available here.

  3. Research Councils UK (RCUK) is the strategic partnership of the UK's seven Research Councils who annually invest around £3 billion in research. We support excellent research, as judged by peer review, that has an impact on the growth, prosperity and wellbeing of the UK. To maintain the UK’s global research position we offer a diverse range of funding opportunities, foster international collaborations and provide access to the best facilities and infrastructure around the world. We also support the training and career development of researchers and work with them to inspire young people and engage the wider public with research. To maximise the impact of research on economic growth and societal wellbeing we work in partnership with other research funders including the Technology Strategy Board, the UK Higher Education funding bodies, business, government, and charitable organisations. www.rcuk.ac.uk.

    The seven UK Research Councils are:

    • Arts & Humanities Research Council (AHRC);
    • Biotechnology & Biological Sciences Research Council (BBSRC);
    • Economic & Social Research Council (ESRC);
    • Engineering & Physical Sciences Research Council (EPSRC);
    • Medical Research Council (MRC);
    • Natural Environment Research Council (NERC);
    • Science & Technology Facilities Council (STFC).