Department for Business, Energy and Industrial Strategy: Public Expenditure
(asked on 20th March 2019) - View Source
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to row 9 of the table on page 40 of the BEIS 2018-19 Main Estimate Memorandum, what the Research Capital Investment Fund is.
The Allocation of Science and Research Funding 2016/17-2019/20* confirmed that a specific allocation of Science Capital would be made each year through the period to Scotland, Wales and Northern Ireland administrations for distribution to Higher Education Institutions across the UK, to be matched by each of the Devolved Administrations. This is in addition to science capital funding allocated for distribution to HE providers in England.
The purpose of this funding is for capital investment in the physical infrastructure for research which helps to maintain excellent departments in HE providers across the UK with the critical mass to compete globally and the expertise to work closely with business, charities and public services. It is allocated and distributed by reference to the research income earned from Research Councils.