Search results
The UK government's net expenditure on research and development (R&D) (excluding EU R&D budget contributions) rose to £15.5 billion in 2022, from £14.0 billion in 2021, an increase of 10.5%....
- Research and development expenditure by the UK government: 2020
The UK government's net expenditure on research and...
- Research and development expenditure by the UK government: 2020
- Overview
- Notes to editors
The £39.8 billion R&D budget for 2022-2025 will help deliver the government's Innovation Strategy and drive forward ambitions as a science superpower.
The largest ever research and development budget, worth £39.8 billion, has been allocated across the Department for Business, Energy and Industrial Strategy’s partner organisations, the government has confirmed today.
Driving forward the government’s ambitions as a science superpower, the Spending Review committed record levels of investment in the UK’s world-leading research base over the next 3 years, with R&D spending set to increase by £5 billion to £20 billion per annum by 2024-2025 - a 33% increase in spending over the current parliament by 2024-2025.
The allocations will allow the government to deliver on the ambitions set out in the Innovation Strategy, with these investments supporting our commitment to ensure total R&D spending reaches 2.4% of GDP by 2027.
These investments will contribute to the new cross-government approach on research and development, helping to deliver strategic advantage in science and technology, work alongside industry to leverage private investment, and deliver prosperity, security and resilience this century.
In turn, the investment will support priorities that are key to the UK’s prosperity, from tackling climate change to levelling up opportunities across the country, enabling investment in new technologies from clean tech to AI, where the UK has a strong competitive advantage globally and industrial strength at home.
Read the full partner organisation allocations publication.
Apr 7, 2022 · The UK government's net expenditure on research and development (R&D) reached a new high of £15.3 billion in 2020, an increase since 2019 of £1.7 billion (in current prices), representing the...
2 days ago · DSIT in the Autumn Budget 2024 £20.4 billion to boost UK Science and Tech. The Chancellor announced £20.4 billion in investment for UK R&D to drive economic growth, including fully funding ...
The UK government's net expenditure on research and development (R&D) (excluding EU R&D budget contributions) rose to £15.5 billion in 2022, from £14.0 billion in 2021, an increase of 10.5%....
Apr 7, 2023 · Research and development and related expenditure by UK government departments, research councils and higher education funding councils. Formerly released as UK government expenditure on...
People also ask
How much does the UK spend on research & development?
How much money does the UK government spend on R&D?
Who contributes the most to UK R&D expenditure in 2022?
How much does the UK spend on R&D in 2022?
How much does the UK contribute to EU R&D?
How much did the UK spend on Defence R&D in 2020?
Sep 11, 2023 · In 2021, R&D performed in London and the East and South East of England was worth £34.4 billion, or 52% of the total. This was £1,406 per person, 42% above the UK average of £987 per person. At the other end of the spectrum, £534 of R&D was performed per person in Wales, 46% below the UK average.
