Friday, 1 May 2009

2009 Budget - reallocation of funding a cause for concern

In the wake of the 2009 budget, academics are preparing themselves for a slash in funding after the government ordered for a redistribution of finances.

Research Councils are to manage £106 million in savings from the science budget in order for these to be reallocated to ‘support key areas of economic potential’. In the current economic climate John Denham, the Universities Secretary, said the budget was ‘a good settlement'.

So far no detailed information has been provided as to which programmes may be affected and councils have not been given specific targets. Research Councils UK told the Times Higher Education that the ‘bulk’ of the money would be found by reprioritising research funding. There would most likely be a reliance on co-funding research with the private sector alongside administrative cuts.

Read the THES article in full

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