The research body will need an additional $123m in its budget to help meet government targets and keep pace with research investment in other countries.

Science Foundation Ireland (SFI), a statutory grant funding body for science, technology, engineering and mathematics (Stem) research, will require an additional €100m ($123m) in funding between today and 2020, according to Royal Society of Chemistry.

The body has an annual budget of €172.5m for 2018, with 90% of this allocated to current long-term funding commitments. Its initiatives include the SFI Investigators Programme, which put up $51.2m for 26 Stem research projects in September 2017.

The increased budget is needed to…