Research England to invest £2bn into universities in 2018-19
Research England has agreed budgets for the recurrent funding of research and knowledge exchange for academic year 2018-19. We have also agreed capital budgets for the financial year 2018-19.
There is an overall increase of £70m available in 2018-19, enabling higher education institutions (HEIs) in England to deliver on the government’s industrial strategy and tackle global, national and local challenges.
The following budgets are being increased:
- An additional £25m for knowledge exchange through Higher Education Innovation Funding (HEIF), enabling universities to increase their contributions to deliver commercialisation and working with business to meet Industrial Strategy priorities;
- An additional £20m for the postgraduate research degree supervision element of quality-related research (QR) funding, supporting universities to develop the next generation of researchers and protecting the health of the talent pipeline through postgraduate study and into research and the wider economy;
- An additional £10m for the Global Challenges Research Fund (GCRF) element of QR, supporting investment in cutting-edge research that addresses the challenges of economic development and wellbeing faced by developing countries;
- An additional £6m to contribute to the charity research element of QR, providing additional support for research that universities carry out on behalf of charities.