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Peers voice concern over £1.6bn R&D funding returned to Treasury

Image: Tom Page [CC BY-SA 2.0], via Flickr

Minister says “funding will remain available” for Horizon shortfalls under guarantee scheme

Peers have voiced concern over the Treasury clawing back £1.6 billion in unspent funding earmarked for association to EU R&D programmes.

The UK government had promised billions for association to EU programmes including Horizon Europe and the nuclear research initiative Euratom—or a homegrown alternative known as ‘plan B’.

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