PARLIAMENTARY WRITTEN QUESTION
Science: Research (27 February 2023)
Question Asked
Asked by:
Darren Jones (Labour)
Answer
As set out in the Department for Science, Innovation and Technology’s (DSIT) 2023 priorities, we will optimise public R&D investment to support areas of relative UK strength and increase the level of private R&D to make our economy the most innovative in the world.
This, in part, will be achieved via the largest ever increase in public R&D budget over a Spending Review (SR) period. At the 2022 Autumn Statement, my Rt. Hon. Friend Mr Chancellor of the Exchequer recommitted to increasing public expenditure on R&D to £20 billion per annum by 2024/2025.
Answered by:
George Freeman (Conservative)
6 March 2023
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