The Department for Business, Energy and Industrial Strategy (BEIS) has set out how it will allocate its \u00a339.8 billion research and development budget to partner organisations over 2022-23 to 2024-25, with UK Research and Innovation (UKRI) set to be allocated a total of \u00a325 billion to support research and innovation in all disciplines throughout the UK.<\/p>\n
The figures derive from the Government’s Spending Review in autumn 2021, and confirmed that UKRI will have a total budget of \u00a37,908 million in 2022-23, rising to \u00a38,373 million in 2023-24, before reaching \u00a38,865 million in 2024-25. The allocation breakdown for UKRI’s nine constituent bodies – the seven research councils, Innovate UK and Research England – will be announced later in spring.<\/p>\n
In addition to UKRI’s allocation, a total of \u00a36.8 billion has been ringfenced to support the UK’s association to the Horizon Europe, Euratom Research & Training, and Fusion for Energy programmes. The Government reiterated its readiness to formalise the UK’s association to Horizon Europe; however, if this is not possible, these funds will instead be allocated to UK government R&D programmes, including those to support new international partnerships. The Government will set out further information about any replacement programmes in due course.<\/p>\n
Elsewhere, the figures confirmed that the new Advanced Research and Invention Agency (ARIA) will receive \u00a3475 million over the next three years, supplemented by an additional \u00a3300 million in 2025-26, to facilitate high-risk, high-reward research that will support rapid transformational science and technology.<\/p>\n
Business Secretary Kwasi Kwarteng said:<\/p>\n
“My department’s \u00a339.8 billion R&D budget – the largest ever R&D budget committed so far – will be deployed and specifically targeted to strengthen Britain’s comparative advantages, supporting the best ideas to become the best commercial innovations, and securing the UK’s position as a science superpower.”<\/p>\n
The full breakdown of the partner organisation allocations is available at the BEIS website<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"