Ai Economics Institute: Finance
(asked on 28th October 2026) - View Source
Question to the Cabinet Office:
To ask the Minister for the Cabinet Office, whether the sum over three years announced for the AI Economics Institutes on 24 October 2026 is in addition to the sum per year set out in her Department's written statement of 26 October 2026.
Answered by
Kanishka Narayan
Minister of State (Cabinet Office) (Jointly with the Department for Business, Innovation, Science and Technology)
Announcements from 24 and 26 October confirmed an additional £23 million in funding for the AI Economics Institute, taking its total confirmed funding profile to £34 million over this year and the subsequent three years. The funding will underpin the Institute’s comprehensive research agenda on how AI is affecting productivity, growth, jobs and living standards.
Prior to the announcements the AIEI’s funding profile was as follows:
2026/27: £4m
2027/28: £7m
Total: £11m
Following the announcements the AIEI’s funding profile is now:
2026/27: £4m
2027/28: £10m
2028/29: £10m
2029/30: £10m
Total: £34m