The £375m Newton Fund will build science and innovation capacity around the world
Unveiled as part of the UK’s official development assistance package, the Newton Fund will provide developing countries with £75 million a year for 5 years starting in 2014.
Its aim is to develop science and innovation partnerships that promote the economic development and welfare of developing countries, and is expected to generate further funding from other nations as well as partner organisations.
The fund will sponsor collaborations with a wide range of countries, including Brazil, Chile, Kazakhstan, Mexico and the Philippines. The governance board will be chaired by the Minister for Universities and Science, and the fund itself administered by the Department for Business, Innovation and Skills (BIS).
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