The end of EU Structural Funds in the UK post-Brexit will leave many important research, innovation and skills projects face an "urgent cliff edge", Welsh universities have warned MPs.
Speaking at an event in Westminster, Professor Paul Boyle, chair of the Universities Wales Research and Innovation Network, and Vice-chancellor of Swansea University, told cross-party MPs that without urgent bridging funding 60 research projects would come to an end this year, putting 1,000 University jobs at risk.
Around £370m was invested in university-related projects in Wales through the European Regional Development Fund (ERDF) and the European Social Fund (ESF) between 2014 and 2020 and the subsequent tail off years. Universities in the UK provide a huge amount of support to businesses in the form of consultancy and contract research.
