Except, of course, the story is a bit short on detail. Like the fact that the fund was set up in December 2022 with £119m being allocated and the additional £237m was added in December 2023. It is a fund to be used globally, not just in Thailand and so far Egypt, Indonesia, Kenya, Malaysia, Philippines, Turkey and Vietnam have shown interest in the fund. Grants of up to £100,000 can be awarded to UK institutions to collaborate in research.
Not quite the magic money pit it is being puffed up as being.
https://www.gov.uk/government/publications/international-science-partnerships-fund-ispf/international-science-partnerships-fund-ispf
https://opportunities-insight.britishcouncil.org/news/opportunities/grants-international-research-collaborations