"Greedy conservative trying his best to prevent smarter people from advancing science and society" is a better title. Every single penny spent on science research like this is yielding a 10-100 fold return for society in the long run. I really can't stress enough how important it is for society that scientists to have access to those grants and collaborations.
Even worse: In the preceeding scheme "Horizon 2020", the UK was by far the largest recipient.