£100 million Rutherford Fund to attract best researchers to the UK
Universities and Science Minister Jo Johnson confirmed the government is investing £100 million to attract highly skilled researchers to the UK through its new Ernest Rutherford Fund.
The Rutherford Fund will provide fellowships for early-career and senior researchers, from the developed world and from emerging research powerhouses such as India, China, Brazil and Mexico, helping to maintain the UK’s position as a world-leader in science and research.
Research and innovation is at the heart of the government’s Industrial Strategy.
At the 2016 Autumn Statement, the government announced a significant increase in public research and development spending, totalling £4.7 billion.
This will provide an additional £2 billion a year by 2020 to 2021 – an increase of around 20% to total government spending, and more than any increase in any Parliament since 1979.
In April 2017 the Business Secretary Greg Clark announced the creation of the Industrial Strategy Challenge Fund (ISCF) with £1 billion of support over the next 4 years.
To support delivery of the ISCF, the government announced at the Spring Budget it will invest £250 million over the next 4 years to continue to build the pipeline of high-skilled research talent. ■