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Research Councils UK welcomes announcement of Newton Fund

RCUK today (10 April 2014) welcomed the Chancellor’s announcement of the Newton Fund, a new initiative intended to strengthen research and innovation partnerships between the UK and nations classed by the Government as Emerging Powers. The Newton Fund will deliver £375 million of funding over five years and aims to position the UK as international partner of choice, paving the way for future collaboration.

Professor Paul Boyle, RCUK International Champion, said: “The Newton Fund is an exciting new UK government initiative which will build and develop research and innovation partnerships with new and emerging research performing countries. RCUK has for many years been actively engaged in promoting international collaboration with emerging scientific powers to support economic growth, poverty alleviation and social development. RCUK is therefore strongly placed to play a substantial role in delivering the ambitions of the Newton Fund. We look forward to working closely with other delivery partners to ensure the Newton Fund delivers the best opportunities for UK and partner country researchers, and generates significant impact in terms of research-led outcomes."

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Further information

Contact:
Nicholas Turner
Press and Communications Manager
Tel: 01793 444592 or email: Nicholas Turner

Notes to editors

  1. The Newton Fund was announced in Brazil by the Chancellor, George Osborne, on 9 April. The £375 million fund (£75 million pa over five years) is intended to allow the UK to use its strengths in scientific research to promote economic development and welfare in emerging economies while building long-term collaborations with countries that will produce leading innovations in the future. The money has been allocated to the Department of Business Innovation and Skills and is in addition to the ring-fenced science budget. Further information, including details of partner countries, can be found at: https://www.gov.uk/government/publications/newton-fund-building-science-and-innovation-capacity-in-developing-countries/newton-fund-building-science-and-innovation-capacity-in-developing-countries 

  2. Research Councils UK (RCUK) is the strategic partnership of the UK's seven Research Councils who annually invest around £3 billion in research. We support excellent research, as judged by peer review, that has an impact on the growth, prosperity and wellbeing of the UK. To maintain the UK’s global research position we offer a diverse range of funding opportunities, foster international collaborations and provide access to the best facilities and infrastructure around the world. We also support the training and career development of researchers and work with them to inspire young people and engage the wider public with research. To maximise the impact of research on economic growth and societal wellbeing we work in partnership with other research funders including the Technology Strategy Board, the UK Higher Education funding bodies, business, government, and charitable organisations. www.rcuk.ac.uk.

    The seven UK Research Councils are:

    • Arts & Humanities Research Council (AHRC);
    • Biotechnology & Biological Sciences Research Council (BBSRC);
    • Economic & Social Research Council (ESRC);
    • Engineering & Physical Sciences Research Council (EPSRC);
    • Medical Research Council (MRC);
    • Natural Environment Research Council (NERC);
    • Science & Technology Facilities Council (STFC).

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