The main streams of funds available to UK universities and research bodies are Horizon 2020, Erasmus Plus and aspects of the European Structural and Investment Funds.<\/p>
Under Horizon 2020, the current Framework Programme, the UK has been awarded \u20ac1.84bn to date[1] (excluding the Euratom nuclear research and training programme).<\/p>
In 2014, the first year of the Erasmus Plus Programme, the UK obtained \u20ac79.08 million for mobility grants to 36,734 people from all educational sectors to study, train and volunteer abroad. A further \u20ac30.66m was obtained for cooperation projects[2]<\/sup>.<\/p> The UK\u2019s strategy[3]<\/sup> for its 2014-2020 allocations from the European Structural and Investment Funds sets out that \u20ac1.6bn was earmarked for the theme of research, technological development and innovation.<\/p> As the Prime Minister has made clear, while the UK remains a member of the EU, current EU funding arrangements continue unchanged, including those that apply to students, researchers, and businesses. It will be for the Government under the new Prime Minister to begin the negotiation to leave, and set out arrangements for those currently in receipt of EU funds.<\/p> <\/p> The UK economy is fundamentally strong and our research and innovation are world leading. The Government intends to maintain and enhance the strength of our research base.<\/p> <\/p>