The UK’s largest physical sciences funding agency has experienced a significant decrease in the number of applications submitted in 2011–12, which has led to the highest grant success rates in the last decade. However, this may not necessarily be good news for the academic community.
Among the research councils, the Engineering and Physical Sciences Research Council (EPSRC) has made some of the toughest decisions when developing funding policies. In recent years, many of these have met with strong opposition and protests from the academic community, with some of the most controversial being the ‘shaping capability’ strategy, where specific research areas are prioritised, and blocking researchers who repeatedly fail to secure a grant from reapplying. The EPSRC has defended these strategies as a way to ensure the best science is funded within a shrinking budget. When policies are implemented, however, it is not always clear what the impact will be on the academic community. The recent publication of research proposal funding rates from 2011–12 now provides an indication.
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