Part 3: Research Research and innovation functions and role of the Councils Section 97: Exercise of functions by Research England
This section places a duty on UKRI to arrange for its functions to be exercisable by Research England for the purpose of providing financial support as outlined in subsections (2) and (3).
	Subsection (2) refers to financial support provided for the undertaking of research or knowledge exchange in relation to science, technology, humanities or new ideas, by eligible higher education providers. Financial support can also be provided for facilities and other activities associated with the research or knowledge exchange. Eligible higher education providers are defined in section 39(3). Financial support is to be provided by Research England to the governing body of the eligible education provider, and can be in respect of spending already incurred or that will be incurred in the future.
	Subsection (3) allows Research England to provide financial support to a person or organisation for purposes associated with the undertaking of research or knowledge exchange by eligible higher education providers receiving support under subsection (2).
	Research England may determine terms and conditions for the provision of financial support under this section. Before doing so, it has a duty to consult with persons it considers appropriate.
	This section forms part of the law of England and Wales.