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Research: Finance

Question for Department for Business, Energy and Industrial Strategy

UIN 96874, tabled on 4 January 2022

To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to the Autumn Budget and Spending Review 2021, paragraph 2.38, how much money the Government has allocated to support its response to the Nurse review of research councils; and which budget that money will come from.

Answered on

13 January 2022

The Autumn Budget and Spending Review 2021 represents a record investment in UK R&D – providing £20 billion per annum by 2024-25. This will support a wide range of initiatives to cement the UK as a global science and technology superpower. Following the Spending Review, BEIS is currently working to set detailed R&D budgets to 2024/25. Further details of how this funding will be allocated will be announced in due course.