To ask His Majesty's Government what is the annual budget for UK Research and Innovation.
24 January 2023
UKRI’s allocations were published on 30th May 2022. This details UKRI’s budget for the for the financial years 2022-2023 to 2024-2025, as set out below:
UKRI Allocation Plans 2022-2023 to 2024-2025 (£m)
Total over SR21 (2022-2023 to 2024-2025
At the 2022 Autumn Statement, my Rt Hon. Friend Mr Chancellor of the Exchequer reaffirmed the R&D budget for the 2021 Spending Review period, including a recommitment to increasing public expenditure on R&D to £20 billion per annum by 2024/2025.