Manufacturing Industries: Research
(asked on 5th March 2020) - View Source
Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty's Government how much money in total was proposed for British manufacturing's research and development in 2019; and how much they estimate to provide in (1) 2020, and (2) 2021.
Answered by
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
The Office for National Statistics estimates that expenditure on R&D performed in UK businesses was about £25.0bn in 2018, of which about £16.3 billion was related to manufactured products. Most of this was financed by businesses themselves. Data for 2019 is planned for release in November.
The Government announced in Budget 2020 that it will be increasing overall R&D funding to £22 billion by 2024/24 and further plans will be set out at Spending Review later this year.
UK Research and Innovation (UKRI), the agency that directs research and innovation funding in the UK, supports research into new processes and materials across different areas of manufacturing and supports businesses engaged in R&D through Innovate UK.