Written Question·Department for Science, Innovation and Technology·UIN 12053
Research: Finance
Tabled: 31 October 2024
Answered: 5 November 2024
Named DayQuestion
Dame Chi Onwurah
Labour — Newcastle upon Tyne Central and West
To ask the Secretary of State for Science, Innovation and Technology, what the evidential basis is for the calculation that the increase in his Department’s R&D budget to £13.9 billion is a rise by 8.5% in real terms.
Answer
Feryal ClarkDSIT’s capital budget in 2024/25 was £13.3bn, with £12.5bn allocated for investment in R&D. As outlined in the Autumn Budget 2024, DSIT’s R&D allocation has risen to £13.9bn in 2025/26, a £1.4bn cash-terms uplift.Using the latest OBR GDP deflator ...
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