The Royal Academy of Engineering has welcomed today’s announcement by the Chancellor that the government is to triple its contribution to the Research Partnership Investment Fund to £300 million, enabling further collaboration between universities, industry and charity donors.
Government will add £200 million to the Fund, which supports university capital projects. The new round of funding will benefit engineering projects including automotive, telecommunications, healthcare and energy generation.
Sir John Parker GBE FREng, President of the Royal Academy of Engineering, says: “This is a particularly encouraging message and endorsement from government of the importance of research and development in creating and underpinning our nation’s future growth. Our many universities, operating at the leading edge of research in co-operation with industrial partners, have the ability to lead in the development of world-class products and services that can fuel long term growth and success."
Notes for editors
Founded in 1976, The Royal Academy of Engineering promotes the engineering and technological welfare of the country. Our fellowship – comprising the UK’s most eminent engineers – provides the leadership and expertise for our activities, which focus on the relationships between engineering, technology, and the quality of life. As a national academy, we provide independent and impartial advice to Government; work to secure the next generation of engineers; and provide a voice for Britain’s engineering community.
For more information please contact
Jane Sutton at the Royal Academy of Engineering Tel. 020 7766 0636; email: Jane Sutton