Half way through Fiscal Year 2014, UT Knoxville researchers have increased the number of proposals they have submitted to 768, a 3-percent increase over the same period in FY 2013; and the number they have won has risen to 729, a 5-percent increase; but the award totals in dollars are at $84.8 million, down 14 percent from last fiscal year.
“Our faculty continue to increase the number of research opportunities they are pursuing, and they are positioned for success,” said Greg Reed, associate vice chancellor for research. “The value of the awards has decreased, however, possibly because of the federal sequestration last spring and the government shutdown in October. With recent congressional resolution to current federal fiscal issues, the outlook for research funding is expected to improve in the spring.”
Research expenditure totals for the first two quarters stand at $71.3 million — down 4 percent from FY 2013 — indicating that researchers are spending previously awarded funds at a slower rate than last year. See the second-quarter summary here.