Funding of scientific research in the UK has escaped the dramatic cuts that had been feared by many, following publication of the UK government's long-awaited Comprehensive Spending Review (CSR). In addition, cash will be invested in a new network of technology centers, and to support technology commercialization.
Rather than face direct cuts, the science budget will be frozen in cash terms for the next four years. While that still represents a cut of some 10 per cent over the period in real terms, spending on science has been largely protected from an overall cut of 25 per cent over four years to the budget of the UK's Department for Business, Innovation and Skills (BIS). Science funding currently accounts for £4.6 billion of the annual £21.2 billion spend by BIS.
Full story from Optics.org
UK scientists dodge bullet (The Scientist)