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17 April 2014 12:48 pm ,
Vol. 344 ,
Officials last week revealed that the U.S. contribution to ITER could cost $3.9 billion by 2034—roughly four times the...
An experimental hepatitis B drug that looked safe in animal trials tragically killed five of 15 patients in 1993. Now,...
Using the two high-quality genomes that exist for Neandertals and Denisovans, researchers find clues to gene activity...
A new report from the Intergovernmental Panel on Climate Change (IPCC) concludes that humanity has done little to slow...
Astronomers have discovered an Earth-sized planet in the habitable zone of a red dwarf—a star cooler than the sun—500...
Three years ago, Jennifer Francis of Rutgers University proposed that a warming Arctic was altering the behavior of the...
- 17 April 2014 12:48 pm , Vol. 344 , #6181
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U.K. Government Injects Nearly $1 Billion Into Research
5 December 2012 2:33 pm
The United Kingdom's finance minister, the Chancellor of the Exchequer George Osborne, announced a new lump of money today, some £600 million ($965 million), for scientific research. The new funding—part of the chancellor's autumn budget statement, a sort of half-year report on the U.K. economy—will be spent on big data and energy efficient computing, synthetic biology, energy storage, and advance materials, according to RCUK, the body that represents Britain's seven research councils.
Researchers have largely welcomed the new funding. "Science adds significant value to the economy and society so to see it prioritised alongside school infrastructure, fast transport links and new houses is very positive," said Paul Hardaker, chief executive of the Institute of Physics in London, in a statement.
Some observers, however, say the new spending is simply making up for earlier cuts made by the current government. Soon after its election in 2010, the governing coalition froze the science budget and slashed capital spending on research infrastructure. The result is that the amount of government money spent on research is being eroded by inflation. According to the pressure group Campaign for Science and Engineering (CaSE), the government has made up some of the shortfall with bits and pieces of new funding announced over the past 2 years, but today's £600 million is the largest so far. "We were hoping that the Chancellor would continue his trend of supporting science and engineering, and are really delighted with this new commitment - the total amount of new funding since 2010 has now reached almost £2 billion," said CaSE Director Imran Khan.