The IOA and UK Acoustics Network (UKAN) have written to the Prime Minister expressing concern that the former Department of Business, Energy and Industrial Strategy (BEIS) has returned £1.6 billion of funds to the Treasury. This money had previously been allocated to support scientific research. Our letter sets out that loss of this funding will directly adversely affect the competitive position of UK plc – placing universities and businesses at a competitive disadvantage on the world stage. This funding had been specifically allocated to replace EU monies and retain UK competitiveness. At a time when there is uncertainty around the UK and Horizon Europe funding, we trust the intention is to reallocate this funding to the newly formed Department for Science, Innovation and Technology (DSIT), restoring UK research funding.
