UK: gov to underwrite EU research funding

In a statement of reassurance from the UK’s chancellor, Philip Hammond, universities and businesses were told they will “have certainty” over future funding and should continue to bid while the UK remains a member of the EU. For initiatives where the UK organisation bids directly to the European Commission for EU funding, such as Horizon 2020 research funding, the treasury will “underwrite the payments of such awards, even when specific projects continue beyond the UK’s departure from the EU”. “It’s business as usual for Horizon 2020 projects” Hammond said that the UK will…

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