1. LONDON’S GLOBAL UNIVERSITY The future of research funding – lessons from 2010 Professor Graeme Reid University College London

2. LONDON’S GLOBAL UNIVERSITY Rule No 1: there are no rules different people economic context political agenda

3. LONDON’S GLOBAL UNIVERSITY Lessons from 2010? Treasury are not the enemy – but they have a difficult job Research excellence is non-negotiable Set out compelling ambitions to deliver things – then ask for money Harmonised messages backed by rigorous evidence Impact builds confidence & REF played a big part

4. LONDON’S GLOBAL UNIVERSITY UK ecosystem has distinctive characteristics Haldane; dual support; ring fence Open to talent and investment from around the world Dynamic research in stable universities One of the best countries for university-business relations Funding systems based on excellence (and impact) enabling Exceptional results from unexceptional funding levels

5. LONDON’S GLOBAL UNIVERSITY Three further suggestions evidence anecdote advocacy

6. LONDON’S GLOBAL UNIVERSITY The future of research funding – lessons from 2010 Professor Graeme Reid University College London