answer text |
<p>As per its funding settlement with HM Treasury, BEIS has allocated its research
and innovation Official Development Assistance budget to two discrete funds: the Newton
Fund, and the Global Challenges Research Fund (GCRF).</p><p> </p><p>The Newton Fund
has a total budget of £735 million (2014/15 – 2020/21) and supports science and innovation
collaborations with 17 partner countries. The fund aims to promote the economic development
and social welfare of either the partner countries or, through working with the partner
country, to address the wellbeing of communities.</p><p> </p><p>The GCRF is a funding
stream that supports cutting edge research on global issues affecting developing countries.
From 2016/17 to 2020/21, the GCRF will invest £1.5 billion in funding that harnesses
the expertise of the UK’s world-leading researchers.</p>
|
|