Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what proportion of the £22 billion investment into R&D, announced in Budget 2020, he plans to allocate to dementia research.

The Government recognises the economic value of the life sciences sector, the great work of the public health service and the challenge that dementia poses for society.

At the 2020 Budget, the Government announced it would increase public investment in R&D to £22bn by 2024-25, the largest ever increase in support for R&D. This will support innovators and researchers in the UK in their work, including to address the great challenges facing our society such as healthy ageing and climate change.

Although most of this investment will be allocated at the Spending Review, the Budget provided additional funding to the National Institute for Health Research for research into preventable diseases. This will support work directed towards solving a range of major health challenges and support local authorities to grow their research capabilities.