Research: Finance

(asked on 8th January 2021) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to the 2020 Spending Review, whether the £14.6 billion announced for Research and Development in 2021-22 is part of the £22 billion announced in March 2020.


Answered by
Kemi Badenoch Portrait
Kemi Badenoch
President of the Board of Trade
This question was answered on 13th January 2021

Spending Review 2020 provides funding to ensure that the UK remains at the forefront of international scientific leadership and a global leader in tackling climate change. To cement the UK’s future as a scientific superpower and drive economic growth, the government is providing almost £15 billion for R&D next year.

Science will underpin our response to the greatest challenges ahead, including tackling climate change and delivering transformative economic growth. Recognising this, the Spending Review commits £14.6bn to R&D next year, as well as confirming multi-year funding for certain key R&D priorities.

Reticulating Splines