SCHEDULES

SCHEDULE 9United Kingdom Research and Innovation

Supplementary powers

I117

1

UKRI may do anything which appears to it to be necessary or expedient for the purpose of, or in connection with, the exercise of its functions.

2

In particular, UKRI may—

a

acquire and dispose of land and other property,

b

enter into contracts, and

c

accept gifts of money, land or other property.

3

But UKRI may do any of the following only in accordance with terms and conditions specified from time to time by the Secretary of State—

a

borrow money;

b

enter into joint ventures;

c

form, participate in forming, or invest in, a company, partnership or other similar form of organisation;

d

invest sums.