The Chancellor, Jeremy Hunt, announced a series of measures in today’s Autumn Statement and Spending Review.
CaSE Response to 2022 Autumn Statement
Dr Daniel Rathbone, Assistant Director, Campaign for Science and Engineering (CaSE), said:
“Today’s Autumn Statement keeps R&D at the heart of the UK’s future. In the Chancellor’s own words, cutting R&D budgets would have been “a profound mistake” and we welcome the protection of the £20bn investment by 2024/25. In challenging economic times, stability in R&D investment is more vital than ever – today’s announcement will help R&D power the growth and opportunity that will improve lives and livelihoods of people across the UK.
“We look forward to working with the government as they put public R&D investment to the best possible use. This includes building an R&D tax credit system that can further support private investment in R&D, particularly by innovative small and medium size enterprises (SMEs). Today’s announcements on tax credits could make the system less generous for SMEs, and this could work against the Chancellor’s ambitions for the sector.
“We also welcome the focus on supporting knowledge-intensive clusters across the UK as part of levelling-up – a key plank of the recommendations in our report ‘The Power of Place’.”
Today the Department for Science Innovation and Technology (DSIT) have published their proposed alternative to Horizon Europe, Pioneer.
CaSE’s initial response to the Chancellor, Jeremy Hunt’s, Spring 2023 Budget.
The Government has published the findings from the Nurse Review which highlights recommendations to improve the research landscape to deliver on the Government’s R&D ambitions.
Today the Government announced its Science and Technology Framework which highlights 10 actions it will centre on. CaSE responds to the announcement.