PPARC's grant-giving functions will not be transferred to the Engineering and Physical Sciences Research Council (EPSRC). .
The new Council will be responsible for particle physics, astronomy, space science, nuclear physics, synchrotron radiation, neutron sources and high power lasers, and will manage the Rutherford Appleton and Daresbury laboratories. Its budget in 2007-08 will be around £530 million.
The RAS Council will consider its response on July 28.
The RAS statement on the 'next steps' proposals can be read here