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 publish a long-term Research and Development funding plan setting out how the Government will meet its commitment of spending £22 billion per year by 2024; and what steps his Department is taking to support science organisations as part of that plan.
Last year, we published our ambitious Research and Development Roadmap, setting out our long-term vision for the R&D system, including cutting unnecessary bureaucracy, embracing diversity in the R&D workforce, levelling up across the UK, embracing innovation, and boosting international collaboration.
This year we are investing £14.9 billion in research and development in 2021/22 across government, putting UK Government R&D spending at its highest level in four decades.
The next Spending Review will set out plans for future R&D funding. Our investment in R&D will support our Roadmap commitments and helps consolidate our position as a science superpower, as we build towards increasing public expenditure on R&D to £22bn and delivering on our target to increase total UK R&D investment to 2.4% of GDP by 2027.