UK News and communications,Government backs UK R&D with record £20.4 billion investment at Autumn Budget

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

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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.

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