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Research: Finance

Question for Department for Business, Energy and Industrial Strategy

UIN 29218, tabled on 13 March 2020

To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to Budget 2020, whether £22 billion of funding allocated to R&D includes funding to replace EU funding.

Answered on

18 March 2020

The Government is firmly committed to becoming a global science superpower and continuing to collaborate internationally on scientific research.

The Chancellor announced that government investment in R&D will increase to £22bn per annum by 2024/25, putting the UK on track to reach 2.4% of GDP being spent on R&D across the economy by 2027. This increase will include funding for continued participation in EU science programmes or EU replacement schemes. Funding for EU programmes, or for alternatives would be subject to allocations at the Spending Review.

Named day
Named day questions only occur in the House of Commons. The MP tabling the question specifies the date on which they should receive an answer. MPs may not table more than five named day questions on a single day.