Research: Finance
The question
To ask the Secretary of State for Science, Innovation and Technology, what steps her Department is taking to support research institutions in the period before UK Research and Innovation budget allocations are determined.
Answered by Kanishka Narayan
In December, UK Research and Innovation (UKRI) set out how it will deliver its record £38.6 billion funding allocation over the next four years. This is part of the largest ever investment in R&D made by any UK government (£86 billion up to 2029/30) and will help drive new scientific breakthroughs, help create new industries and grow businesses faster, and deliver the growth we need for good jobs and better lives.
The Department for Science, Innovation and Technology (DSIT) has been in active dialogue with UKRI to ensure that any implications from funding decisions are fully understood and that they reflect both the UK’s strategic research priorities and its global commitments. DSIT has asked UKRI to ensure that its final allocations are informed by meaningful consultation with the research community and a robust assessment of potential consequences for the UK’s scientific capability.
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