Seven new university and business research projects won bids from the U.K. Research Partnership Investment Fund (UK RPIF), doubling the number of winning bids to 14. When complete, the scheme will deliver more than $1.6 billion of new funding for research from government, industry and charities.
The 14 winning bids, which cover the whole of the U.K., will take up $352 million of public funding and leverage in over $962 million of private support. There will shortly be a new bidding round for the remaining $128 million of public investment, and both new and resubmitted bids will be eligible.
“It is fantastic that our top businesses and top charities are queuing up to collaborate with our world-class universities. They want to work together to deliver innovation, commercialization and growth,” said David Willetts, Minister for Universities and Science. “The winning projects will tackle the key issues we face—like fighting disease, ensuring energy efficiency and improving infrastructure—for the benefit of all.”
Sir Alan Langlands, chief executive of HEFCE, said, “The demand for funding from the U.K. Research Partnership Investment Fund demonstrates the power of universities in promoting economic growth through research and knowledge exchange. The support from international companies and world-leading charities—all making hard-headed investments—is a tribute to the excellence of scientific and research staff in our universities.”
The seven projects include:
UK RPIF was first launched with $160 million of public finance in May 2012. In response to the large number of high-quality bids, the government has recently tripled the public support to $481 million. All projects have to include private funding from industry or the charitable sector worth a minimum of double the public contribution—making more than $1.6 billion of investment in total.
The 14 projects that have gained UK RPIF funding will provide a base for developing new knowledge to support economic growth, and to help meet the health needs of the U,K, and the wider world. Universities are contributing over $112 million from their own resources.