Science and Technology Facilities Council
The question
To ask the Secretary of State for Business, Innovation, Science and Trade, what recent discussions he has had with the Science and Technologies Facilities Council about the impact of [i] increasing energy costs and [ii] changing foreign exchange rates due to the STFC's subscriptions to international projects.
Answered by Department for Business, Innovation, Science and Trade
I met with the Science and Technology Facilities Council (STFC) Executive Chair, Professor Michele Dougherty, in August to discuss the council’s strategic programmes and infrastructure investments. UK Research and Innovation undertook a comprehensive, evidence-based prioritisation exercise to address rising operational costs while maintaining a financially sustainable portfolio. The reprioritisation has come as a result of increased cost pressures from energy, inflation, foreign exchange, staffing costs and an expanded portfolio of activity. STFC has set out a plan to live within its budget while protecting the capabilities that matter most to the UK’s long-term scientific and international standing.
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