Question to the Department for Science, Innovation & Technology:
To ask the Secretary of State for Science, Innovation and Technology, what steps her Department is taking to fund science and innovation to help achieve the Government's global science superpower aims.
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.