OU researchers, led by OU Professor of Electro-Optics, Andrew Holland are part of a consortium of UK universities and organisations to be awarded almost £5 million to support small businesses in enhancing innovation in the UK space industry. The grant of £4.8 million from the Higher Education Funding Council for England (HEFCE) will provide small and medium-sized enterprises (SMEs) with unprecedented access to university expertise and facilities.
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It was a “breathing space” budget from Chancellor John Healey. In the absence of big surprises or bold change, Healey’s trade-off appears to be small reliefs now in exchange for “fresh hope” in the future. Here’s what our experts made of the chancellor’s first budget.