The UK will create a new visa route aimed at attracting âthe best and most promising talent in science, research and techâ, chancellor Rishi Sunak said in his budget, which also contained a freeze in the English tuition fee cap for 2022-23.
Mr Sunakâs speech, delivered on 3 March, had little to say on higher education funding â where key issues are expected to be addressed in the governmentâs full response to the Augar review at the autumn spending review.
But the budget document contained mention of a freeze in the English tuition fee cap, currently at £9,250, for 2022-23.
The governmentâs interim response to the Augar review had previously said it would âfreeze the maximum tuition fee cap to deliver better value for students and to keep the cost of higher education under controlâ, which would be âinitially be for one yearâ with âfurther changes to the student finance system...considered ahead of the next comprehensive spending reviewâ.
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There were other announcements potentially affecting research and employment-focused training.Â
Mr Sunak said there would be a ânew unsponsored, points-based visa to attract the best and most promising talent in science, research and techâ.
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°Őłó±đÌęsays the government is âmodernising the immigration system to help the UK attract and retain the most highly skilled, globally mobile talent â particularly in academia, science, research and technology â from around the worldâ, pledging the government would âintroduce, by March 2022, an elite points-based visaâ.Â
The budget also announced a review of research and development (R&D) tax reliefs, which support companies that work on innovative projects in science and technology.
âThis review will consider all elements of the two R&D tax relief schemes, with the objective of ensuring the UK remains a competitive location for cutting-edge research, that the reliefs continue to be fit for purpose and that taxpayer money is effectively targetedâ, with a consultation published alongside the budget, the budget document says.
Meanwhile, employers who hire apprentices between 1 April and 30 September 2021 âwill receive ÂŁ3,000 per new hire, compared with ÂŁ1,500 per new apprentice hire (or ÂŁ2,000 for those aged 24 and under) under the previous schemeâ, the budget says, in a move that could impact on universitiesâ teaching of apprentices.
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Mr Sunak also announced a scheme for small- and medium-sized enterprises to access âworld-class management trainingâ, which will see âdozens of business schoolsâ offer a new âexecutive development programmeâ, with the government footing 90 per cent of the cost.
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