Policy paper

UK Research and Innovation: business case

Sets out the rationale for the creation of UK Research and Innovation (UKRI) and assesses the estimated costs and benefits.

• From: Department for Energy Security and Net Zero and Department for Business, Energy & Industrial Strategy
• Published: 7 June 2016

This was published under the 2015 to 2016 Cameron Conservative government

Documents

Case for the creation of UK Research and Innovation (UKRI)

Ref: BIS/16/291

PDF, 464 KB, 30 pages

Details

This business case sets out the rationale for creating a new body and assesses the estimated costs and benefits. Estimates are taken from the impact assessment for the Higher Education and Research Bill, which sets out detail on underlying assumptions.

The white paper ‘Success as a knowledge economy: teaching excellence, social mobility and student choice’ sets out plans for the creation of UK Research and Innovation (UKRI). This new public body will be in place of the 7 Research Councils, Innovate UK, and the research and knowledge exchange functions of the Higher Education Funding Council for England (HEFCE).

A parallel business case sets out the rationale for the creation of another new public body, the Office for Students, a new market regulator in place of HEFCE and the Office For Fair Access.

Published 7 June 2016