Valid from 30/03/2018
(1)The Secretary of State must have regard to the matters mentioned in subsection (2) when—
(a)deciding to make a grant under section 101,
(b)determining any terms and conditions of a grant under that section, or
(c)giving a direction under section 102.
(2)The matters are—
(a)the Haldane principle, where the grant or direction mentioned in subsection (1) is in respect of functions exercisable by one or more of the Councils mentioned in section 95(1) pursuant to arrangements under that section,
(b)the balanced funding principle, in any case, and
(c)any advice provided to the Secretary of State by UKRI about the allocation of funding in relation to its functions.
(3)The “Haldane principle” is the principle that decisions on individual research proposals are best taken following an evaluation of the quality and likely impact of the proposals (such as a peer review process).
(4)The “balanced funding principle” is the principle that it is necessary to ensure that a reasonable balance is achieved in the allocation of funding as between—
(a)functions exercisable by the Councils mentioned in section 95(1) pursuant to arrangements under that section, and
(b)functions exercisable by Research England pursuant to arrangements under section 97.