Image: HM Treasury[CC BY-NC-ND 2.0], via Flickr
‘Anaemic’ R&D budget fails to quell uncertainty over £22bn R&D target and other promises
The research sector is struggling to unpick the ramifications of the government’s latest spending review, which set out a commitment to invest almost £15 billion in R&D next year but included only vague details about other crucial promises and plans.
In a 25 November statement dominated by the Covid-19 crisis, chancellor Rishi Sunak promised £14.6bn for R&D in 2021-22, of which £11.1bn will run through the Department for Business, Energy and Industrial Strategy.
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