Research: Finance
The question
To ask the Secretary of State for Science, Innovation and Technology, with reference to his Department's press release entitled Government backs UK R&D with record £20.4 billion investment at Autumn Budget, published on 31 October 2024, when he plans to provide (a) charities, (b) businesses and (c) universities with further information on the availability of this funding.
Answered by Feryal Clark
The Autumn Budget set out the government’s funding plans and departmental allocations for R&D in 2025/26, with an overall R&D budget of £20.4 billion. Of this, the Department for Science, Innovation and Technology was allocated £13.9 billion for 2025/26. Further details on how this funding will be allocated across DSIT priorities and partner organisations will be announced in due course, before the start of the financial year.
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