Science: Finance

(asked on 9th December 2015) - View Source

Question

To ask the Secretary of State for Business, Innovation and Skills, what steps the Government is taking to maintain current spending levels on the core elements of the science budget in real terms over the course of the Parliament.


This question was answered on 15th December 2015

The Government made clear in the Spending Review its commitment to science and research. We will protect science resource funding in real terms from its current level of £4.7 billion per annum for the rest of the Parliament. Growth in the ring fence will be used to invest in a new £1.5 billion Global Challenges Research Fund for UK science to pioneer new ways of tackling global problems. As well as increasing resource spending for science, we are investing in new scientific infrastructure on a record scale, delivering on the £6.9 billion science capital commitment in our manifesto to provide the infrastructure and funding to keep the UK globally competitive.

The allocation of budgets to individual funding bodies, programmes and facilities has yet to be determined. As per previous spending rounds this allocation process will take place over the coming months.

Reticulating Splines