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Originally Posted by Big Brian
Well, working for a large, London based University that most definitely teaches electronic technology both at degree level and for various technical qualifications, I have to question your last assertion If it were true, I would not have a job.
It's also worth noting that well over 60% of University research is funded by the EU. Research that is regarded well world wide.
If the research is any good it will get funding whether we are in the EU or not. Hmm wonder how we managed without the EU? Wake up and smell the coffee.
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Seeing as EU funding apparently results in a reduction of the UK rebate, ie for every £3 of EU grant, the rebate gets reduced by £2, the actual %age for EU funding is 20%.
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The UK 'abatement', 'rebate' or 'correction' is the ad hoc mechanism that is applied to lower the UK's contribution to the EU budget, by reimbursing 66% of the country's budgetary imbalance (the difference between payments and receipts).
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These are not meant to be representative of the actual numbers, but are merely to demonstrate the principle.
UK payment to EU £300.
Get back £30 in funding, rebate is 2/3rds of £270 ie £180 giving net payment of £90(£300-£180-£30).
Get back £60 in funding, rebate is 2/3rds of £240 ie £160 giving net payment of £80(£300-£160-£60).
Increase of £30 in EU funding to the UK, only £10 has come from the EU, the other £20 has come from the UK via the reduction in rebate.