Funding participation in the Horizon programme by cutting UKRI budgets could create a grant funding shortfall of £1b and endanger up to 18,000 jobs in UK research. Horizon association must be funded separately & the UKRI budget protected, even if borrowing is required to support this investment.
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As noted by the Vice Chancellors of the University of Cambridge and the University of Oxford in their letter to the Telegraph:
"If UKRI, the Government body responsible for awarding research grants, is left with a shortfall of £1 billion, the consequences for British science and innovation will be nothing short of calamitous."
UK science will play a major role in meeting the challenges of the 21st Century and must be supported if it is remain a world leader.