21.03.12


1994 Group welcomes Budget announcement on university research investment fund

The 1994 Group of leading universities has welcomed the announcement of £100m funding for universities to accelerate private sector investment in UK university research infrastructure.

 

Mark Fuller, 1994 Group Director of Communications, said:

 

“University research drives the innovation that businesses rely on to succeed and it absolutely vital to invest in cutting edge facilities. Over the last year however our world class institutions have had to cope with dramatic cuts to capital investment. The measures announced in the Budget show that the Government is at least starting to wake up to the long term damage this could cause, particularly at a time when other countries are investing so heavily in higher education. We will need to look closely at the detail of the announcement but the Chancellor is absolutely right to recognise the importance of university research and the role of business collaborations. This should be just the first step on the road to ensuring a sustainably funded university research base that drives economic growth and continues to command international admiration.“

 

ENDS

 

 

Media Contact:
Mark Fuller

0207 872 5596

07952 286 223

mark.fuller@1994group.co.uk

 

Notes to Editors:


1.    The 1994 Group represents the UK’s leading student-focused research-intensive universities. It was established in 1994 to promote excellence in University research and teaching.

 

2.  9 of the top 20 universities in the Guardian University Guide 2012 league tables are 1994 Group members. 5 of the top 20 universities in the 2012 Sunday Times University League Table are 1994 Group members. 6 of the top 20 universities in the 2012 Complete University Guide are 1994 Group members. The University of Bath is the Sunday Times University of the year.


3. The 1994Group represents: University of Bath, Birkbeck University of London,  University of East Anglia, University of Essex,  Goldsmiths University of London, Institute of Education University of London, Royal Holloway University of London, Lancaster University, University of Leicester, Loughborough University, University of Reading, University of St Andrews, School of Oriental and African Studies, University of Surrey, University of Sussex.

 

 

 



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