Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will ensure future research funding allocations retain their real-terms value in line with inflation.
In announcing the Spending Review 2021, my Rt. Hon. Friend Mr Chancellor of the Exchequer reiterated the Government’s commitment to cement the UK as a ‘scientific superpower’.
All future funding decisions will be subject to the outcome of the Spending Review, and we are working with HM Treasury to agree an ambitious R&D package.
The Spending Review will conclude on 27 October. We will then undertake the Departmental allocations process.