STFC have posted something on their website about grants.
I only saw this as a consequence of my daily perusal of Paul Crowther's webpage, I wonder have the people who are/might be affected sent something directly to inform them?
Anyway, here is what it says:
What does this mean?
STFC Council examined progress of its current science and technology prioritisation exercise at a strategy session on 21 and 22 September. Without prejudging the outcome of the prioritisation, Council agreed that prudent financial management required a re-examination of upcoming grants.
Council therefore agreed that new grants will be issued only to October 2010 in the first instance. This temporary policy is in place pending the outcome of the prioritisation exercise, expected in the New Year.
Does this affect grants that are currently being decided on to be announced around Christmas?
What about grants awarded last year but were delayed until now (st STFC's request)?
What does it mean for rolling grants (makes them sort of pointless really)?