Promises of unparalleled investment in research give way to the reality of flat-cash QR funding
Amid the extreme weather that has got us all sweating like a government minister at a public inquiry, our irrepressible news team broke the news yesterday that Research England has told universities it cannot give funding allocations for the coming academic year yet as it is waiting on confirmation of its budget from the government. Nobody likes a bad news story late on a hot July afternoon.
The story, covered by Daniel Cressey as it broke, will leave universities understandably disappointed. It means that research income will be based on last year’s payments from August. This will apply to the first three months of the roughly £1.6 billion of annual quality-related (QR) research funding that provides the majority of research income at many institutions.