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R&D funding plummeting after Brexit, say Welsh universities

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Vice-chancellors in Wales say UK funding for R&D projects “pales in comparison” with EU support

Welsh universities have said that R&D funding has plummeted following the UK’s departure from the EU.

The Welsh R&D sector has been hit particularly hard by the loss of EU structural funds, which supported numerous university-related projects. The UK government promised to replace the funding through its £2.6 billion UK Shared Prosperity Fund, but vice-chancellors of Welsh universities warned MPs on 24 May that this money “pales in comparison” with what the EU offered them.

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