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The Government intends to reform the way research is funded in UK universities. The reforms arise from an awareness in the Treasury that current methods are not sustainable in the long term. For many decades, universities have had insufficient resources to provide an adequate infrastructure to support the highest quality research. The inevitable result has been that much of their capital assets are well past their replacement date and the recurrent account is nowhere near adequate to provide for the necessary depth and quality of support.

Full economic costing: The Biochemical Society Supporting Excellence in the Science Base