THES reports that research councils are showing large increases in the numbers of applications for grants, while the amount of awards available increases in much smaller amounts. Over the six research councils a 13% rise in the number of applications in the year 2007-08 can be seen. The chance of converting an application into a grant through the Biotechnology and Biological Sciences Research Council dropped from 30% to 29%.The Medical Research Council was the exception, where the success rate rose from 24% in 2006-07 to 27% in 2007-08.
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