Technology

Question

The Government is taking action to support the UK’s world-leading technology industry, which will be at the heart of our new industrial strategy. The Budget will see Research and Development spending rising to a record level of over £20 billion, with DSIT’s R&D budget increasing by 8.5% in real terms. The new Regulatory Innovation Office will reduce red tape for our most innovative companies and speed up technology development. And we are unlocking further investment in industries of the future, including from institutional investors, through the British Growth Partnership, the National Wealth Fund and the Pensions Review.