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Research Funding Tops $300 Million for First Time
LEXINGTON, KY (July 30, 2010) — For the first time ever the University of Kentucky's research awards have broken the $300 million mark. Grants and contracts received through the UK Research Foundation for fiscal year 2010 (July 1, 2009 through June 30, 2010) totaled $337,623,982. This is a 31.5 percent increase over last year's $256,740,712.
The biggest gains came in the federal funding arena. UK faculty and staff successfully competed for $227,084,369 in federal grants and contracts. Stimulus dollars, from the American Recovery and Reinvestment Act of 2009 (ARRA), made up $64.5 million of the federal funding total.
"Overall UK's talented researchers have secured nearly $90 million in ARRA grants," said UK Vice President for Research James W. Tracy. "In these tough economic times, the things that will push UK closer to Top 20 status remain the same–great people, new facilities and leading-edge technology. UK is using these funds to advance its Top 20 research agenda, to attract excellent faculty, and train the next generation of scholars and scientists."
Tracy explained that although ARRA awards provided a boost this year, total awards excluding ARRA were up more than seven percent and federal awards increased almost 20 percent.
"I applaud all of our faculty and staff involved in setting another UK research record," said UK President Lee T. Todd Jr. "We've been attracting and retaining some of the nation's leading research talent for several years, and this research record shows that those efforts are paying off for Kentucky.
As excited as I am about the data, I am more excited about what this funding means to Kentucky's economy. Most of those dollars come from out-of-state sources, providing a major boost to the Commonwealth's economy. And with the university working harder than ever to commercialize our discoveries and innovations, the impact will be felt for years to come."