Written question asked by Ben Everitt (Conservative) on Monday, 17 July 2023, in the House of Commons. It was due for an answer on Wednesday, 19 July 2023. It was answered by George Freeman (Conservative) on Tuesday, 25 July 2023 on behalf of the Department for Science, Innovation and Technology.
Research: Finance
- Question
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To ask the Secretary of State for Science, Innovation and Technology, what recent progress she has made towards the Government's target of spending £20 billion of funding from the public purse on R&D by 2024-25.
- Answer
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This Government has recommitted to increasing public expenditure on R&D to £20 billion per annum by 2024-25. This represents an increase of around a third from 2021-22.
Since its creation, DSIT has made strong progress towards optimising public R&D investment in line with Government’s strategic priorities. Our Science and Technology Framework was announced alongside a raft of new measures to support the UK’s world-leading position across the technologies of tomorrow. These include £100 million in initial start-up funding for the Foundation Model Taskforce to lead vital AI safety research and £121 million to improve commercial clinical trials as part of the £650 million ‘Life Sci for Growth’ package.
Secondary information
- Type
- Written question
- Reference
- 194569
- Session
- 2022-23
- Subjects
- Finance Expenditure Research
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2023-07-25 08:34:26 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2022-23/194569
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