SFC announces £700 million to keep Scottish university research amongst the world’s best
6 Mar 2015
At the end of last year the UK’s ultimate guide to the quality of academic research, the Research Excellence Framework, identified world-leading research in all of Scotland’s universities. Today the Scottish Funding Council (SFC) is announcing almost £700 million of funding for the next three years to ensure the country continues to compete at the highest level.
This funding will also support universities to translate scientific discovery and new knowledge in ways that will benefit Scottish society and drive forward the country’s economic performance. This follows SFC’s recent £120 million investment in eight pioneering Innovation Centres that are already bringing industry, healthcare and university researchers closer together to accelerate product and service development.
Laurence Howells, Chief Executive of the Scottish Funding Council, said: “Research in Scottish universities impacts on almost every aspect of daily life, from the way we treat patients in hospital to the way we communicate with smartphones.
“Today’s announcement of almost £700 million will mean Scotland carries on being a winner in the competitive world of university research. It will mean that Scotland can continue to attract and develop the best research talent and it will mean that organisations such as Cancer Research UK and the Wellcome Trust continue to invest in Scottish universities.”