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Expenditure on research and development (R&D) performed in the UK was £70.7 billion in 2022 (in current prices), an increase of £4.4 billion since 2021 and £12.4 billion since 2018, which is...
- Research and development expenditure by the UK government ...
The UK government's net expenditure on research and...
- Gross domestic expenditure on research and development, UK ...
Expenditure on research and development (R&D) performed in...
- Research and development expenditure by the UK government ...
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...
Expenditure on research and development (R&D) performed in the UK was £70.7 billion in 2022 (in current prices), an increase of £4.4 billion since 2021 and £12.4 billion since 2018, which is...
- 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.
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.
- Chris Rhodes, Georgina Hutton, Matthew Ward
- 2021
2 days ago · DSIT’s own R&D budget has increased to £13.9 billion, and core research funding has also been increased to a record £6.1 billion, bolstering the UK’s leading research base.
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Nov 17, 2022 · Annual estimates of research and development performed and funded by business enterprise, higher education, government, UK Research & Innovation and private non-profit organisations.
