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Added to this mix is the new £2 billion Industrial Strategy Challenges Fund which has to deliver rapid results.
From 2016-17 onwards, it is proposed that funding would be split roughly equally between a 'Grand Challenges' fund and a fund to renew existing science infrastructure.
Although the full detail has yet to emerge, it appears that the £500m increase by 2020 will be achieved by incorporating a £1.5 billion Global Challenges fund that will also be counted within the government's overseas aid budget.
The joint program's global, integrated approach is designed to educate upcoming leaders who can successfully address complex challenges, fund creative solutions, and seize opportunities at the intersection of business and the environment.
All these funding allocations fall within a £0.8bn commitment to new research initiatives, which in turn sits within a £2.9bn "Grand Challenges fund".
Alison Clough, acting chief executive of the Association of the British Pharmaceutical Industry in London, queries the math and says her organization wants to know more about the global challenges fund.
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In comments on the draft document, the EA, which is responsible for delivering flood defences, repeatedly challenges funding claims made by Defra and warns of "own goals".
In comments on the draft document, the Environment Agency (EA), responsible for delivering flood defences, repeatedly challenges funding claims made by Defra and warns of "own goals".
Janet Morrison, chief executive of Independent Age: "The statement is largely silent on the two huge practical challenges: funding and integration of health and social care.
Also, researchers have typically chosen and compared agencies because of their similar empirical challenges: e.g., leadership and governance challenges; funding problems; inadequate policy designs and outcomes [ 15- 18].
The Departments of Education and Health and Human Services would jointly administer the Challenge Fund.
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