Another cost of Brexit: Universities are losing funding
Labour’s Paul Blomfield says ministers must act quickly to secure a future in European research [Image: Goodman/Rex].
It’s a kind of mass hysteria. Perhaps some sort of group psychotherapy is in order.
Britain’s universities are already seeing a fall in their share of a crucial pot of European Union funding, with vice-chancellors fearing that UK projects are losing out even before Brexit has taken place.
Millions of pounds to pay for crucial research has been lost as a result of a fall overall in Britain’s share of the flagship Horizon 2020 project, a £70bn fund aimed at cutting-edge science.
Official figures reveal a downturn in both UK participation in, and funding from, the project. University sources said that while there were sometimes natural fluctuations in which countries received money, there was now a “downward trend across several key indicators over the past 18 months”.
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European funding = our money being used on our universities after the eu have taken their cut.