Budget: £100m university research pledge for UK

Chancellor George Osborne has announced a £100m fund to boost university research in the UK through private sector involvement.
The government was committing the cash for "investment in major new university research facilities", he said in his Budget speech.

Few details have been released, but the funding is intended to attract outside investment for universities.

Universities and campaign groups say it will help offset cuts to the sector.

The Department for Business Innovation and Skills said the funds would go to "large capital projects" which bring in "significant private investment", for example joint research facilities. A spokeswoman said details would be announced soon.

Read details here.