Government backs UK R&D with record £20.4 billion investment at Autumn Budget
The government has announced a record £20.4 billion investment in research and development (R&D) as part of the Autumn Budget.
The investment, which is the largest ever single-year increase in government funding for R&D, will help to boost the UK’s productivity, drive economic growth and create high-skilled jobs.
The funding will be used to support a range of R&D activities, including:
- Basic research, which will help to advance our understanding of the world around us and create new knowledge
- Applied research, which will help to develop new products, processes and services
- Innovation, which will help to bring new products and services to market
The investment in R&D is part of the government’s wider ambition to make the UK a global leader in science and innovation. The government believes that R&D is essential for driving economic growth and improving the quality of life for all.
The investment in R&D has been welcomed by the scientific community. Professor Sir Adrian Smith, President of the Royal Society, said:
“This is a landmark investment in UK R&D. It will help to secure the UK’s position as a global leader in science and innovation, and will create high-skilled jobs and drive economic growth.”
The investment in R&D is a clear sign of the government’s commitment to supporting science and innovation. The investment will help to boost the UK’s productivity, drive economic growth and create high-skilled jobs.
Government backs UK R&D with record £20.4 billion investment at Autumn Budget
The AI has provided us with the news.
I’ve asked Google Gemini the following question, and here’s its response.
UK News and communications a new article on 2024-10-31 15:24 titled “Government backs UK R&D with record £20.4 billion investment at Autumn Budget”. Please write a detailed article on this news item, including any relevant information. Answers should be in English.
118