At a meeting of the newly funded "Complexity in the Real World" programme, someone reported from a meeting called by the EPSRC (PIs in charge of major EPSRC grants). At that meeting it was reported that even under a mild set of 10% cuts to the research council's funding then the council has a choice between rescinding some grants and not funding any new ones (due to existing commitments).
Apparently the council:
- along with similar councils refusing to submit a plan for 40% cuts as requested by the government
- wants to continue funding new projects and hence may rescind existing grants, via the mechanism of asking recipient institutions to decide on 10% cuts on its EPSRC funded projects (with "ringfencing" for certain areas - doctoral centres, complexity projects etc.)
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