Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he is taking to support the UK’s research and development sector.

At the 2021 Spending Review, the Government announced an increase in public expenditure on R&D, including a commitment to £20 billion per annum by 2024/2025.

R&D investment supports delivery of the Innovation Strategy, by creating the conditions to grow private sector investment. To develop R&D strengths across the country, Government is increasing domestic public investment in R&D outside the Greater South East by at least 40% by 2030. We have also committed £800 million to the Advanced Research and Invention Agency, a new science and research funding agency, to fund research that will develop new technologies.