Spending review will see R&D funding rise to £22.6 billion by 2029–2030
By 
Julia Robinson2025-06-12T13:30:00
Government lays out priorities for research for the rest of parliament
Funding for research and innovation will rise from £20.4 billion in 2025–2026 to £22.6 billion per year by the end of 2029–2030, in support of the forthcoming industrial strategy, the UK government has announced in its spending review.
It said that the £86 billion boost over the next four years would fund new drug treatments, longer-lasting batteries and new breakthroughs in artificial intelligence.