The Royal Society has unveiled a $40 million fund aimed at drawing international research talent to the U.K., with up to $5.4 million available per relocating academic or group. This initiative responds to the increasing global competition for top scholars, particularly in light of recent U.S. policies affecting research funding and diversity. The funding is partially derived from a larger government endowment and aims to reinforce the U.K.'s position as a stable environment for scientific inquiry. Eligibility criteria will be released by the end of June 2023.
"With funding streams and academic freedom coming under threat, the best scientific talent will be looking for stability. The U.K. can be at the front of the queue in attracting that talent," Adrian Smith said.
"Our new opportunity, combined with schemes from [UK Research and Innovation] and the Royal Academy of Engineering, is a step in the right direction," according to Adrian Smith.
The society stated that two-thirds of the initiative's budget would come from the Faraday Discovery Fellowship Fund, part of a $335 million government endowment.
The Faraday Fellowship 'accelerated international route' will provide up to $5.4 million per academic or group willing to relocate to British universities.
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