Bo turns on research grants – Swedish newspaper Svenska Dagbladet

After the 2008 financial crisis gave the then government of the state innovation agency Vinnova, the task of launching a major research project on financial markets. An appropriation of EUR 30 million annually deposited, from which among other colleges and universities could apply for money.

But with a new government in Rosenbad got new instructions.

In its budget reduced appropriations to 20 million next year and then disappear completely. The decision was met with criticism from several heavy scientists. One of those who has reacted strongly Mats Wilhelmsson, Professor at the Centre for Banking and Finance at the Royal Institute of Technology in Stockholm.

– There has been met with dismay. We have, as we know it has entered into a contract with the State regarding the financing, he says to Swedish Radio.

The criticism seems to have given results. Now turn namely Per Bolund, Finance Minister (MP), and suddenly opens for continued funding.

– Now we have taken some of the concerns and criticisms that have emerged. Now we will produce an impact assessment to see what impact this can have and how they then can be counteracted, says Per Bolund to Swedish Radio and continues:

– There’s a lot of research money since previously in the state, so it would be if you could find the money that way or if there are private interests that can go in.

Mats Wilhelmsson, that society has everything to gain that the research progresses.

– The type of research that has more investigative in nature have difficulty finding financing. For us it’s about regulatory framework for financial advice, for example. We have projects that focus on debt and over-indebtedness and adolescents who take SMS loans. There may be research that is important for society but as the industry, the big banks or others are interested in funding, he says to Swedish Radio.

Click here to go to the debate

Here you can discuss everything which moves in stocks, business or economy at large. If you do not already have an SvD subscription, you can create an account for free here.