University EU research funding gives £1bn boost to economy and creates jobs

The Universities UK analysis – looking at the latest data for the year 2014-15 – showed that UK universities attracted more than £836 million in research grants and contracts from EU sources. 
This represented 14.2% of all UK income from research grants and contracts in that year. The UK does disproportionately well in securing EU research funding, securing 15.5% of the funding allocated under the previous EU research and innovation programme (FP7). More...