Written Question·Treasury·UIN 20147
Research: Finance
Tabled: 16 December 2024
Answered: 19 December 2024
Named DayQuestion
Liam Byrne
Labour — Birmingham Hodge Hill and Solihull North
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the planned £20.4 billion of research and development spending on (a) economic growth, (b) the national investment rate and (c) crowding in of private investme
Answer
Darren JonesAt Autumn Budget 2024, the government protected R&D by allocating £20.4bn to support its missions, including the growth mission. Recent Department for Science, Innovation and Technology published research has found an average rate of return to public ...
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