To ask the Chancellor of the Exchequer, with reference to paragraph 4.4 of Budget 2018, whether the £1.6 billion research and development funding is in addition to the research and development funding announced in table 4.1 of Autumn Budget 2017.
1 November 2018
Since 2016, the government has committed an additional £7 billion from the National Productivity Investment Fund for research and development by 2021/22 – the largest increase for 40 years. Autumn Budget 2018 also provided £60m (see scorecard table 2.1) in support of nuclear fusion, quantum technologies and University Enterprise Zones. This additional funding, together with existing record increases to public R&D spending, meant that government was able to detail plans for allocating over £1.6 billion of investments in innovation and support for key technologies which will drive economic growth across the UK.
Spending breakdowns are available here: