New support for the Research Partnership Investment Fund
08 October 2012
Commenting on the Chancellor’s speech at the Conservative Party Conference, Professor David Eastwood and Dr Wendy Piatt of the Russell Group said:
“Today’s announcement of £200m of new money for the Research Partnership Investment Fund is a very welcome shot in the arm for UK science and industry, especially following recent cuts to capital funding. It again demonstrates the strength of partnerships between our leading universities and our key businesses.
“The research which takes place in our world-class universities drives sustainable economic growth. But the first-rate infrastructure needed to facilitate the very best research and teaching cannot be bought on the cheap.
“It is important that today’s further investment in research facilities and infrastructure is sustained in medium and long-term so we can capture all of the benefits that come out of our first class scientific research.
“As our global competitors – especially in Asia – pump billions into their research bases, it is increasingly vital that the Government demonstrates its commitment to maintaining the UK’s place as a global leader in science and research.
“The Research Partnership Investment Fund is a co-investment scheme, and our universities will continue to work closely with partners from business, industry and charities to invest in and maintain world-class research facilities. We warmly welcome the government’s commitment to our leading universities as key drivers of innovation and growth.”
Notes for editors:
• Professor David Eastwood is Chair of the Russell Group and Vice-Chancellor of the University of Birmingham. Dr Wendy Piatt is Director General of the Russell Group.