Research: Finance
(asked on 29th March 2022) - View Source
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will make an assessment of trends in the levels of real-terms research funding since 2010.
This question was answered on 4th April 2022
The Office for National Statistics publishes data on UK gross expenditure on research and development (GERD). Its latest published figures show £38.5 billion in 2019 compared to £25.9 billion in 2010, a nominal increase of about 49%. Adjusted for changes in the GDP deflator, this suggests an increase in constant prices of about 26% over the same period.