CaSE has welcomed a marked increase in R&D investment announced by the Government, towards meeting a research intensity of 2.4% GDP by 2027
"Following on from the announcement by the Chancellor in March of a significant increase in research spending in 2020/21, we now see that UKRI's budget will increase by a very welcome 20%. This will allow significantly increased investment in the UK's science base - supporting research that has the ability to drive economic growth and improve quality of life across the UK.
"The additional investment can also help protect and stabilise the delicate research ecosystem as it feels the effects of the Covid-19 pandemic. We look forward to seeing more detail from both the Government and UKRI about how it will be protected in the coming weeks."
The latest BEIS research allocations represent a:
- 19% increase in BEIS' total research budget from last year
- 20% increase in UKRI budgets from last year
- £1.6bn increase in BEIS' total research budget from last year
You can read CaSE's analysis of the 2020 Budget.