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Research: Finance

Asked by Bradley ThomasConservativeDepartment for Science, Innovation and TechnologyTabled Answered 14 February 2025UIN 29133

The question

To ask the Secretary of State for Science, Innovation and Technology, what his Department's research and development budget was in the (a) 2023-24 and (b) 2024-25 financial year.

Answered by Feryal Clark

DSIT’s closing R&D budget for 2023-24 was £12,300m. This reflects the position post-Machinery of Government changes, comprising elements of the R&D budgets of DSIT’s predecessor departments.

DSIT’s R&D budget for 2024-25, updated at Autumn Budget 2024 is £12,500m*.

* Rounded to nearest £100m

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