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There are seven Research Councils in the UK (see table below), all of which are now part of UK Research and Innovation.Each council receives funding from the Government's Science Budget (administered through the Department for Business, Innovation and Skills) to fund research in a different area of research with a view to improving the UK economy, society and creating a sustainable world. [1]
UK Research and Innovation (UKRI) is a non-departmental public body of the Government of the United Kingdom that directs research and innovation funding, funded through the science budget of the Department for Science, Innovation and Technology.
Catapult centres are a network of nine organisations set up by Innovate UK in the United Kingdom, to promote research and development (R&D) and to exploit market opportunities. [ 1 ] [ 2 ] [ 3 ] Catapult centres promote R&D and innovation through business-led collaboration between scientists, academics, engineers, entrepreneurs, industry ...
An independent research organisation (IRO) is an independent research centre that is eligible to compete with universities for research grant funding from the seven research councils of the United Kingdom. The Arts and Humanities Research Council was able to grant IRO status to cultural and heritage organisations from 2006/7. [1]
The Economic and Social Research Council (ESRC), formerly the Social Science Research Council (SSRC), is part of UK Research and Innovation (UKRI). UKRI is a non-departmental public body (NDPB) funded by the UK government. ESRC provides funding and support for research and training in the social sciences. It is the UK's largest organisation for ...
The Research and Development Expenditure Credit (RDEC), introduced in 2013, is a UK tax incentive designed to encourage large companies to invest in R&D in the UK. Companies can reduce their tax bill or claim payable cash credits as a proportion of their R&D expenditure.
According to World Bank, ″Gross domestic expenditures on research and development (R&D) include both capital and current expenditures in the four main sectors: Business enterprise, Government, Higher education and Private non-profit. R&D covers basic research, applied research, and experimental development.″ [3]
Receiving its funding through the science budget of the Department for Science, Innovation and Technology, BBSRC's mission is to "promote and support, by any means, high-quality basic, strategic and applied research and related postgraduate training relating to the understanding and exploitation of biological systems".