Three quarters through Fiscal Year 2014, UT Knoxville researchers have increased the number of proposals they have submitted to 1199, a 2-percent increase over the same period in FY 2013 with a total value of $503 million, a 33% increase over last year; and the number they have won has risen to 1039, a 10-percent increase; but the award totals in dollars are at $107 million, down 20 percent from last fiscal year.
“We are still waiting for the federal funding agencies to fully re-engage after the federal budget approval this past winter,” said Greg Reed, associate vice chancellor for research. “With recent congressional resolution to current federal fiscal issues, the outlook for research funding is expected to improve in the summer.”
Research expenditure totals for the first two quarters stand at $104 million — down 6 percent from FY 2013 — indicating that researchers are spending previously awarded funds at a slower rate than last year. See the third-quarter summary here.