YORKSHIRE — In the Comprehensive Spending Review announced today (15 July), the Chancellor said the UK's science budget will increase by an average of 10% per year during the next three years, rising to a total of almost £2.9 billion by 2005–06.
Though the detail of how this increase will be divided up among the research councils will not be known until the autumn, both proteomics and neuroscience are singled out in the spending review as growth areas needing extra funding.
Compared with 2002–03 the money available to the research councils for new science in 2005–06 will be £400 million per year higher, and £120 million more per year will be available in 2005–06 for the indirect costs of research.
Beleaguered universities, which have found themselves drawing down capital to supplement expenditure on research infrastructure are also to receive more funds from the government and the Wellcome Trust. By 2005–06 ...
