The agreement will see the UK and the US increasing the links between their higher-education institutions, including through increased post-graduate student and researcher-exchange programmes.
According to a statement, the countries will also collaborate on a number of research projects and together embark on a programme to create the world’s first combined space weather model.
‘Our most productive science and higher-education relationship is with the US and we are determined to strengthen it further,’ said universities and science minister David Willetts. ‘As globalisation gathers pace, international co-operation in these areas has become even more important to boost Britain’s economic growth, and they are a key part of our overall relationship with the US.’
As part of the agreement, US company Johnson & Johnson and its company Janssen will invest £5m in a partnership with six British universities to undertake neuroscience research.
Similarly, up to £1m of UK funding will be made available for joint research with the US in health and wellbeing, supported by the UK Research Councils.
Engineering industry reacts to Reeves' budget
I´d have to say - ´help´ - in the longer term. It is well recognised that productivity in the UK lags well behind our major industrial competitors and...