Rejoining Horizon project will drive new opportunities - Chamber

An agreement allowing the UK to rejoin the European Union's flagship Horizon science programme will provide long-term economic value and drive new opportunities at home and abroad, business leaders said today.

The Government has announced the UK will join the programme “through a bespoke new agreement with the EU”, after a two-year absence post-Brexit.

A spokesperson added Prime Minister Rishi Sunak secured “improved financial terms of association that are right for the UK and protect the taxpayer”.

Horizon is a collaboration involving Europe's leading research institutes and technology companies which sees EU member states contribute funds that are then allocated to individuals or organisations on merit.

The UK was negotiating a deal to remain in the �95.5bn programme, but talks stalled over Brexit-related disagreements such as Northern Ireland.

In the two years since the UK left the programme, the Government has stepped in to match EU grant money lost.

However, scientists claimed UK researchers have been missing out on collaboration with colleagues in Europe.

Raj Kandola, director of external affairs at Greater Birmingham Chambers of Commerce, said: “The confirmation of this agreement will be welcomed by the scientific community and beyond given the long-term value it will bring to the UK economy.

“Rejoining the Horizon Programme will cultivate greater collaboration between research, science and higher education institutions both home and abroad.

“All of which will help to drive new investment opportunities and drive innovation - all much-needed developments given the uncertain economic period we currently find ourselves operating in.”