Markets & Economy
UK research funding body pauses new grants as wide reprioritisation begins
The UK’s principal public research funder has halted new grant awards while it reshapes how public research money is allocated, signalling a shift toward fewer, more commercialised priorities. The reorganisation, to be implemented by April 2027, forces specific councils to find savings—including a £162m cut target for the space and facilities council—and reduces frontline SME advisory capacity at Innovate UK.
