UK Allocates £600 Million for Science Research
On December 5, 2012, the United Kingdom Treasury presented its Autumn Budget Statement, one of two major statements the Treasury makes
to Parliament annually. Surprising some, the Statement set aside £600 million for science research. This funding, which will be spent over three years, is welcomed by the British scientific community, which faced cuts when the research budget was frozen in 2010 for the next four years. Since 2010, the Treasury has provided additional funding for research, but the stimulus specified in the Autumn Budget Statement is by far the most significant. Scientific research fields receiving funding from this supplement include synthetic biology, energy storage, and advance materials such as nanotechnology.
February 2013 Table of Contents