Research: Finance
The question
To ask the Chancellor of the Exchequer, what estimate he has made of the level of public investment in research and development that will be required beyond 2029-30.
Answered by Treasury
To promote economic growth the government is increasing annual funding for Research and Development from £20.4bn in 2025/26 to £22.6bn by 2029/30. Decisions on funding beyond 2029/30 will be taken at future Spending Reviews.
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