Introduction
The Global Challenges Research Fund (GCRF) was announced in last year’s spending review (December 2015), and came as something of a surprise to the sector. The previous spending review (2010) had protected the research budget from the worst ravages of austerity, but it was still a flat settlement, and funding was looking a little threadbare five years in.
George Osborne, the Chancellor at the time, sought to remedy this somewhat, and announced that the research budget would rise from £4.7bn to £5.2bn by the end of the parliament (2020).
| Source: THE |
However, there was a catch. The extra £1.5bn would come from a different pot. It would not come from the budget of the Dept for Business, Innovation and Skills, but rather from International Development, and would aim ‘to develop new solutions to the complex multidimensional problems faced by developing countries.’ Note how the Science budget stagnates in the chart on the right, and GCRF rises.




