In his first budget speech, the Chancellor Rishi Sunak announced £22 billion of investment into research and development. The full detailed breakdown of this investment will follow, but he did announce that £400 million of the money would go to Universities across the UK, outside London and the South East, the so-called ‘Golden Triangle’.
Responding to this announcement, University Alliance CEO Vanessa Wilson Said “Alliance universities work at the heart of their communities and conduct applied research that addresses some of the greatest domestic and global challenges and help drive and sustain business growth.
“We welcome the Chancellor’s commitment to significant increases in R&D spending across the whole of the UK in particular across universities outside of the golden triangle. This investment will only support nationwide “levelling up” if it is accompanied by new thinking about how to support the specific needs of regions and places, embracing a diversity of approaches and rewarding future potential not just past success. We look forward to working with the government on detailed proposals for the Comprehensive Spending Review.”