Research: Finance

(asked on 28th November 2023) - View Source

Question to the Department for Science, Innovation & Technology:

To ask the Secretary of State for Science, Innovation and Technology, pursuant to the Answer of 27 November 2023 to Question 3220 on Research: Finance and with reference to the Answer of 22 February 2023 to Question 150475 on Euratom and Horizon Europe: Finance and to paragraph 4.49 of the Autumn Statement 2023, CP 977, published on 22 November, whether the £750 million of R&D spend has been drawn from the allocation made in the 2021 Spending Review for association with Horizon Europe in this financial year.


Answered by
Andrew Griffith Portrait
Andrew Griffith
Shadow Secretary of State for Business and Trade
This question was answered on 4th December 2023

The government is investing in wider R&D priorities through savings generated from the bespoke Horizon deal that works in the interests of UK taxpayers, and researchers and businesses. The £750 million package is funded from money allocated to Horizon and Copernicus as part of government’s record 2021 Spending Review funding settlement for R&D. This package will maximise opportunities for UK researchers, businesses and innovators, including £250 million for Discovery Fellowships, £145 million for new business innovation support and funding to support a new National Academy of mathematical sciences. This funding comes on top of our commitment to deliver a multi-billion-pound package of support through the existing Horizon Europe Guarantee scheme.

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