NEW Government funding announced for 1000 extra PhD places especially in STEM subjects
In the March 2017 Budget, the government has announced funding for one thousand additional PhD places in areas aligned with the government's Industrial Strategy:
Great news for students: 1000 NEW Funded PhD places announced
The budget announcement states that 80% of the funding will go to PhD places in STEM subjects - science, technology, engineering and mathematics.
The announcement also states that and 40% of this funding will directly help strengthen collaboration between business and academia through industrial partnerships.
It seems likely from the budget statement that this funding will be available over four years - there is no detail yet on how the money will be distributed, or how students can apply, but as most PhD funding is currently distributed, via the Research Councils to universities, and then advertised as available to students, it seems likely at this stage that the funded places will be accessed by students in the same way.
No information was included about which academic year the studentships will be available for - whether it will be 2017-18 or 2018-19.
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Confirmation of the Doctoral Loan
In addition, the budget statement includes a confirmation from the government of the basic terms of the doctoral loans which will start in 2018-19. These new loans were previously announced in the 2016 Budget last year. They will provide up to £25,000 for doctoral study - more information can be found here.