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

To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to the £5.2 billion research and development funding announced at the Autumn Budget and Spending Review 2021, what proportion of that funding will support the UK’s net zero target.

The Autumn 2021 Spending Review (SR) announced record-breaking investment in the UK’s world leading research base, increasing by £5.2 billion to £20 billion per annum by 2024/25 in line with the target of UK economy-wide R&D investment reaching 2.4% of GDP by 2027. The Net Zero Strategy also confirmed that we have mobilised over £26 billion of government capital investment for the green industrial revolution, including at least £1.5 billion for net zero research and innovation.

Following the SR, BEIS is currently working through the allocations process to set detailed R&D budgets through till 2024/25. Further details of how this funding will be allocated will be announced in due course.