The Westminster Government published a future partnership paper 'Collaboration and science innovation' on 6th September 2017. The website states 'This paper outlines the UK’s objectives for an ambitious science and...
Key points from the article in the Times Higher Education about the spending review effects on research in higher education:
Spending review: what it means for higher education
Some key points to take away from George Osborne’s speech today and the Treasury’s spending review document
- The headline cut in the Department for Business, Innovation and Skills budget is 17 per cent. This will see the department’s total budget, resource and capital, decline from £16.6 billion this year to £13.2 billion in 2019-20.
- The current £4.7 billion research budget is being protected in real terms over the spending review period to 2019-20, and will rise by £500 million over that period. It will also include a “new £1.5 billion Global Challenges Fund”.
- The government has confirmed plans to introduce postgraduate loans for 2016-17 and has dropped its plans to restrict these to students aged under 30. Now, anyone under 60 will be eligible.
- Maintenance loans will be introduced for part-time students in 2018-19, a move that the government says could benefit 150,000 people by 2020.
- Students wishing to study a second degree will be able to access a tuition fee loan from 2017-18, provided that the course that they wish to study is in science, technology, engineering or mathematics (STEM).
- £165 million of Innovate UK grants will be replaced by loans by 2019-20.