Newton Fund – new £375m fund for scientific research with emerging economies

fundingThe Newton Fund was announced in Brazil by the Chancellor, George Osborne, on 9 April. The £375 million fund (£75 million pa over five years) is intended to allow the UK to use its strengths in scientific research to promote economic development and welfare in emerging economies while building long-term collaborations with countries that will produce leading innovations in the future. The money has been allocated to the Department of Business Innovation and Skills and is in addition to the ring-fenced science budget. Its aim is to develop science and innovation partnerships that promote the economic development and welfare of developing countries.

The fund will grant £75 million each year from 2014 for 5 years. The government expect that the UK funding will lead to extra funding from:

  • partner countries
  • private foundations
  • multi-lateral organisations
  • corporate partners

The fund will cover 3 broad categories of activity:

  • people: improving science and innovation expertise (known as ‘capacity building’), student and researcher fellowships, mobility schemes and joint centres
  • programmes: research collaborations on development topics
  • translation: innovation partnerships and challenge funds to develop innovative solutions on development topics

The countries covered under the Newton Fund are:

  • Brazil
  • Chile
  • China: Newton UK-China Research and Innovation Partnership
  • Colombia: Newton-Caldas Fund
  • Egypt
  • India: Newton-Bhabha Fund
  • Indonesia
  • Kazakhstan: Newton-Al Farabi Partnership Programme
  • Malaysia
  • Mexico
  • Philippines
  • South Africa and wider Africa
  • Thailand
  • Turkey
  • Vietnam

BIS will announce details of how to bid for research funding in the next couple of months.