Chancellor announces new science fund

A £1bn fund to improve the UK’s science teaching and research base was announced by chancellor Gordon Brown, in an effort to stem the brain drain of scientists moving to the US. The money, which will come from the Treasury and the Wellcome Trust science charity, will be used to update university laboratories and fund […]

A £1bn fund to improve the UK’s science teaching and research base was announced by chancellor Gordon Brown, in an effort to stem the brain drain of scientists moving to the US. The money, which will come from the Treasury and the Wellcome Trust science charity, will be used to update university laboratories and fund research projects. In a separate announcement, the government said there will be £8.8m of new funding for the Faraday Partnerships, which link universities and research organisations with companies. The cash – £4.8m of which will come from the government and £4m from the Engineering and Physical Sciences Research Council – will finance projects in aerospace and automotive materials, plastics, industrial mathematics and system engineering, and new textile products.