Connect with us

Hi, what are you looking for?

Metaverse CapitalistsMetaverse Capitalists

Business

UK set to re-join Horizon science scheme

The UK has announced that it is to re-join the EU’s flagship research scheme, Horizon.

Talks on the UK becoming a fully-fledged member of the EU’s €100bn (£85bn) programme again began after a deal was cut on post-Brexit arrangements for Northern Ireland earlier this year.

The UK’s associate membership of Horizon was agreed in principle as part of the Brexit Trade and Co-operation Agreement, but the issue became bogged down in the dispute about the Northern Ireland Protocol.

The higher education sector is likely to give the news, first reported by Bloomberg, a big welcome.

Universities and researchers have repeatedly warned that the uncertainty over whether the UK would re-join was extremely damaging.

Sources within government have also indicated that the UK will re-join the EU’s space programme, Copernicus, but not its nuclear research scheme, Euratom.

Peter Kyle, the shadow science minister, said the country had “missed out on two years of innovation” whilst being outside of the Horizon programme.

Re-joining the scheme would allow the UK to start “unlocking all the potential we have in this country”, Mr Kyle said.

Ministers had drawn up a plan B, known as Pioneer, as an alternative.

The government always insisted it was deadly serious about the possibility of going it alone with the Pioneer programme, although it wasn’t their preferred option.

Figures within government have previously suggested that Prime Minister Rishi Sunak was genuinely torn.

On the one hand, re-joining Horizon would help repair EU-UK relations and potentially play well with those who deeply disliked Brexit.

On the other hand, Mr Sunak was said to be keen to get “value for money” as well as build credibility with Leave supporters who might favour a clean break.

The UK had been expected to remain associated with the scheme after Brexit but it soon became apparent that Brussels was blocking Britain’s return.

That’s because the EU was angry at the government’s failure to fully implement a deal on post-Brexit arrangements for Northern Ireland.

Until that issue was resolved, it was clear that Horizon association would not be possible.

Then, in February, Rishi Sunak signed a deal with the European Commission President Ursula von der Leyen – the Windsor Framework.

That paved the way for talks on Horizon, which look as though they’re finally reaching their culmination.

It’s a further moment of reconciliation between the UK and the EU following the bitter disputes over Brexit that followed the 2016 Leave vote.

Read more:
UK set to re-join Horizon science scheme

    You May Also Like

    Stocks

    In this edition of StockCharts TV‘s The Final Bar, Dave shows how breadth conditions have evolved so far in August, highlights the renewed strength in the...

    Business

    In the UK, the care sector is under incredible strain, it’s good to know there are people working hard to address the issue. One...

    Politics

    On January 10, the French government announced plans to raise the retirement age from 62 to 64. The change would mean that after 2027,...

    Business

    With the increased threat of industrial strike action looming across the UK, we consider whether a force majeure clause can strike the right chord...

    Dislaimer: pinnacleofinvestment.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 metaversecapitalists.com | All Rights Reserved