The UK and India have announced a further joint research boost to strengthen their existing partnership.
The deal releases £16 million for vital joint research and innovation. This is designed to tackle challenges ranging from earthquakes and environmental sustainability to food security and AI.
The Government of India is matching the £16 million UKRI investment. UK struck its first deal under the previous post Brexit deal at the time of the Covid-19 pandemic.
The new co-investment and memorandum of understanding will pave the way for more joint research and innovation. This will drive sustainable growth and prosperity in the years ahead.
The UKRI manages the delivery Government funding for research. The award of High Potential study visas post Brexit has seen a huge growth in applications. This is welcome particularly among students with dependents.
The UK Government is reviewing the availability of study visas because they have successfully attracted record numbers of candidates. The growth in international student migration shows the UK is a very attractive destination for study. Research published this week shows further proof of the value to the UK economy.
The economic benefit international students bring to the UK has jumped by a third in three years, boosting the economy by an estimated £42bn in 2021/2, according to new analysis.
The report, by analysts London Economics, said the economic benefit to the country rose from £31.3bn in 2018/9 to £41.9bn three years later as growing numbers of international students choose to study in the UK.
A further joint research boost such as this helps to reinforce the importance of international partnerships attracting top level students to the UK.
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