Royal Society response to Treasury investment in science

08 October 2012

The Chancellor of the Exchequer has announced an additional £200 million of investment in science projects at UK universities. It will be awarded to initiatives supported by an additional £400 million from industry.


The funding is an expansion of UK Research Partnership Investment Fund launched in May which committed £100 million of funding for projects with £200 million from industry.

Sir Paul Nurse, President of the Royal Society welcomed the announcement saying:

"Our world leading research universities are crucial as engines of economic recovery.  Partnership between researchers, government and business is key to innovation, so this injection of funding is very welcome. It will be made even more effective if it forms part of a long term, joined up approach linking science and innovation to industrial strategy.

At present both government and industrial R&D spending as a percentage of GDP are lower than our competitors and while today’s announcement will not change that, it is a step in the right direction. "

Share this page

Latest news

  • Recent Sir Henry Dale Fellowship appointments 27 March 2015 The Royal Society, the UK’s national academy of science, has today published a list of recent recipients of the prestigious Sir Henry Dale Fellowships. The scheme is run together with the Wellcome Trust.
  • An elephant never forgets the way to the watering hole 25 March 2015 A study published in Proceedings of the Royal Society B tracked the movement of elephants across the African savannah. The elephants chose the shortest distances towards watering holes, pin-pointing the location of valuable resources even when they were 50 km away. The results show that elephants have good spatial memories.

For a full archive please see the news pages.