Dame Julia Goodfellow, President of Universities UK and Vice-Chancellor of the University of Kent, said: “This is good news. We are pleased that government is continuing its commitment to research and development with this new investment.
“It is recognition of the importance of research and innovation to economic growth and to meeting the big, global challenges we face. It will also help strengthen the links between UK university research and business.
“Our international competitors have been increasing their spending in this area, so this announcement will help maintain the UK’s position as a global leader in research and innovation.”