EU Research Budget Increase Good News For UK

Timeshighereducation.com has reported a 23% increase in the EU’s research budget, meaning that €1.6 billion is available for frontier research.

Overall funding for the European Commission’s Seventh Framework Programme has risen to €7 billion (£6.4 billion), the European Research Council (ERC) being the main benefactor, with the increase in their budget. Jerzy Langer, professor at the Polish Academy of Sciences, believes the UK are the main winners in investment, but praises politicians for listening to scientists and granting money without guaranteed returns.

Richard Jones, pro vice-chancellor of research and development at Sheffield University, believes this “is good news for us in an environment in which our own research councils’ funding is being squeezed.” Despite the funding having no real guarantees the ERC funding has traditionally led to good results; such as the winner of the Nobel Prize for Physics in 2010, Konstantin Novoselov of the University of Manchester, being able to conduct his research thanks to an ERC grant. Around €80 billion in GDP growth and 450,000 jobs are expected to be created in the next 15 years thanks to the increased funds.

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