UK backs all EU research projects
The UK government has announced funding of £39.8bn for research and development over the next three years, including full funding for European projects and a boost for space research.
The budget, up £1bn on last year, is part of an aim to increase the total R&D investment to 2.4% of GDP by 2027.
“For too long, R&D spending in the UK has trailed behind our neighbours – and in this country, science and business have existed in separate spheres. I am adamant that this must change,” said Business Secretary Kwasi Kwarteng. “My department’s £39.8 billion R&D budget – the largest ever R&D budget committed so far – will be deployed and specifically targeted to strengthen Britain’s comparative advantages, supporting the best ideas to become the best commercial innovations, and securing the UK’s position as a science superpower.”
This includes full funding for EU programmes, for which £6.8 billion has been allocated to support the UK’s association with Horizon Europe, Euratom Research & Training, and Fusion for Energy.
A significant proportion of the budget has been allocated to UK Research & Innovation (UKRI), which will receive over £25 billion across the next 3 years, reaching over £8.8 billion in 2024-2025, its highest ever level and over £1 billion more than in 2021-2022. This will include an increase in funding for core Innovate UK programmes by 66% to £1.1 billion in 2024-2025.
The UK Space Agency’s budget will also grow to over £600 million by 2024-2025.
Related articles
- Imagination launches innovation manifesto for UK
- Innovate UK launches 2050 transport vision, calls for feedback
- UK opens up £6m quantum technology competition
Other articles on eeNews Europe
- ARM plans to lay off 1,000 staff
- Quad lasers for 800Gbit/s data centre links
- Open source chip design language is based around Python
- Intel confirms German fabs in €80bn European investment
- Quantum project for digital twins
- Opinion: Full-fat finance is missing from Intel’s European plan
If you enjoyed this article, you will like the following ones: don't miss them by subscribing to :
