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BIS to seek views on capital funding

The UK government is to launch a consultation on how to develop a long-term strategy for science capital funding.

The government announced in its June spending review that it would increase capital investment in real terms to £1.1 billion in 2015-16 and then increase this in line with inflation until 2020-21. “The consultation will consider how best we can ensure that we make the most of this long-term commitment,” says a spokeswoman from the Department for Business, Innovation and Skills. The department is developing the consultation and preparing to launch it after Christmas. Results should be available in spring 2014, she adds.

The move comes after the House of Lords Science and Technology Committee last week criticised the government for favouring individual capital projects and announcements over a long-term strategy for capital funding. “Since 2010, we’ve had a series of piecemeal announcements,” John Krebs, committee chairman, told Research Fortnight. “It doesn’t hang together as a long-term strategy. That’s what we feel is missing.”

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