Research England investment of £221m attracts £500m for 11 state-of-the-art research facilities
- Public and private investment of £721m will create 11 new university research centres to develop specialist industrial clusters and drive economic growth in South Wales, the South West, East Midlands and North West, London and the South East.
- The facilities will support cutting-edge research and innovation in a wide range of areas – from accelerating the development of satellite technology and the next generation of semiconductors, to the advancement of treatments for cardiorespiratory disease, eye health and cancer.
- Research England, part of UK Research and Innovation, is investing £221m through its flagship UK Research Partnership Investment Fund (UKRPIF). Nearly 100 businesses, charities and philanthropic donors, such as BT, Siemens, South West Water and the British Heart Foundation, have committed an additional £500m.
Research England is investing £221m in 11 brand new university research facilities across the UK that will support cutting-edge research and innovation in a wide range of specialist areas – from accelerating the development of satellite technology and the next generation of semiconductors, to the advancement of treatments for cardiorespiratory disease, eye disease and cancer.
The funding is from Research England’s flagship UK Research Partnership Investment Fund (UKRPIF).
Nearly 100 businesses, charities and philanthropic donors, such as BT, Siemens, South West Water and the British Heart Foundation, have committed an additional £500m on top of Research England’s investment, bringing the total to £721m.
The new investment will enhance the UK’s world-class higher education research capabilities, strengthen and develop specialist industrial clusters, and generate local economic growth in South Wales, the South West, East Midlands and North West, as well as in London and the South East.
Established in 2012 and now in its sixth round, UKRPIF is a key supporter of the Government’s Industrial Strategy objectives, funding capital research projects that will address global challenges and opportunities, drive innovation to improve national productivity, and raise total research and development investment to 2.4% of GDP by 2027.
Universities minister, Chris Skidmore, said:
‘Government investment in research and our world-leading universities are helping attract even bigger investments from the private sector. These groundbreaking research projects worth approximately £721m are a fantastic example of this, as we work towards our target of 2.4% of GDP expenditure on R&D by 2027.
‘As I will note in my final ‘Road to 2.4%’ speech today, this is our modern Industrial Strategy in action: extending our reputation for excellence into the future as we invest record levels into R&D and strive to become the most innovative country in the world.’
UK Research and Innovation Chief Executive, Professor Sir Mark Walport, said:
‘Ensuring our researchers and innovators have the infrastructure they need is essential to creating knowledge and delivering life-changing advances. From tackling cancer and heart disease to improving transport and managing vital water resources, the UK Research Partnership Investment Fund will deliver 11 new world-leading university facilities to support discovery and translation.’
Research England’s Executive Chair, David Sweeney, said:
‘I’m proud to be investing in 11 UK universities’ research capabilities across such a wide range of topics, helping them build partnerships and enhance their contribution to society and the economy.
‘Our UKRPIF scheme plays a vital role in fostering long-term strategic partnerships between universities and research stakeholders including business and philanthropic donors. It is also a key contributor to the government’s commitment to see research and development investment rise to 2.4% of GDP by 2027.
‘Capital funding is crucial in establishing the UK as a place where world-leading research can take place, and in realising – and delivering – the UK’s research and innovation capabilities.’
The £221m invested brings the total level of government investment in the fund to £900m, which has so far attracted over £2bn of co-investment from industry partners, charitable organisations and philanthropic donors since the fund’s launch in 2012.
Further information, including a summary of the projects, is available on the Research England website.
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