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.
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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.