On 29 September 2014, Yang Wei, President of the National Natural Science Foundation of China, signed with the heads of the Royal Society and the Academy of Medical Sciences of the UK the Memorandum of Understanding on the Research and Innovation Partnership Programme (Newton Fund) between the National Natural Science Foundation of China and the Royal Society and Academy of Medical Sciences of the UK.
The MOU is a part of the China-UK Research and Innovation Partnership Fund (Newton Fund), aimed at promoting the in-depth cooperation and exchanges between Chinese and British scientists at different levels and supporting the development of a sustainable long-term research partnership between the two countries. Under the MOU, the Royal Society and the Academy of Medical Sciences of the UK will provide Newton International Fellowships and Newton Advanced Fellowships for the Chinese research teams in the fields of natural sciences and medicine. The Royal Society will also launch a grant scheme for international exchanges in natural sciences. Newton International Fellowships will amount to £100,000 and last for two years; Newton Advanced Fellowships will amount to £ 111,000 and last for three years; and the grant scheme for international exchanges will amount to £12,000. National Natural Science Foundation of China will provide funds corresponding to the above fellowships and grants.