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Innovation and Research: Finance

Question for Department for Business, Energy and Industrial Strategy

UIN 109344, tabled on 30 October 2020

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether the upcoming one year Spending Review will provide funding for (a) a UK replacement for Horizon Europe, (b) the new Office for Talent, (c) the new Innovation Expert Group, (d) schemes to promote diversity within STEM and (e) implementing the findings from the R&D tax credits consultation; and what the timeframe is for publishing long term funding strategies for those projects.

Answered on

4 November 2020

At the 2020 Budget, my Rt. Hon. Friend Mr Chancellor of the Exchequer announced the Government’s ambitious commitment to increase public spending in research and development to £22 billion by 24/25, putting the UK on track to reach 2.4% of GDP being spent on research and development across the UK economy by 2027.

In order to prioritise the response to Covid-19, and our focus on supporting jobs, the Chancellor and my Rt. Hon. Friend the Prime Minister have decided to conduct a one-year Spending Review, setting departments’ resource and capital budgets for 2021-22, and Devolved Administrations’ block grants for the same period. This Spending Review will be delivered on 25th November.

Answered by

Department for Business, Energy and Industrial Strategy
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.