On Saturday 27 June 2020, the Department for Business, Energy and Industrial Strategy announced that research-active universities across the UK would be able to access long-term low-interest loans from the Autumn.
The funding is designed to support universities with strong research bases that have suffered losses of income caused by the decline in international students and project finance from charities and businesses.
The Government will also make £200 million of new investment available to support researchers’ salaries and other costs such as laboratory equipment and fieldwork. UK Research & Innovation will also redistribute up to a further £80 million of existing funding to support research and development in universities.
The Government press release can be found here.
The UKRI press release can be found here.