How did the Government do at the Spending Review?
01 Nov 2021
In the run-up to the Comprehensive Spending Review, CaSE published its five-point roadmap, which formed the centrepiece of our asks from the review. The roadmap sets out the best route towards cementing the UK’s role as a ‘science superpower’, as well as warning of the wrong turns to avoid at each step of the journey.
With the Spending Review announced by the Chancellor last week, CaSE has taken the opportunity to rate the review against each of the five points. This follows on from our analysis on what the review means for science and engineering.
The Spending Review means that public investment in R&D is set to rise substantially to £20bn by 2024/25, a 34% increase from 2021/22. However, this settlement falls short of the UK Government’s own ambitions of reaching £22bn by 2024/25, with this target now being pushed back to 2026/27 and into the next Parliament.
The Office for National Statistics have released the latest business enterprise research and development data for the UK in 2022.
Read CaSE’s representation to HM Treasury for Spring Budget 2024.
DSIT released a series of announcements as it marked its first anniversary on 9th February 2024. Below we take a look at some of these updates.
What does the 2023 Autumn Statement mean for research and innovation?