{"id":280632,"date":"2025-06-08T03:04:37","date_gmt":"2025-06-08T03:04:37","guid":{"rendered":"https:\/\/peraltafinancing.com\/uncategorized\/ministers-commit-to-86bn-for-breakthrough-uk-science-and-tech-rd-research-and-development\/"},"modified":"2025-06-08T03:04:37","modified_gmt":"2025-06-08T03:04:37","slug":"ministers-commit-to-86bn-for-breakthrough-uk-science-and-tech-rd-research-and-development","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=280632","title":{"rendered":"Ministers commit to \u00a386bn for \u2018breakthrough\u2019 UK science and tech R&D | Research and development"},"content":{"rendered":"


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New drug treatments, longer-lasting batteries and developing artificial intelligence are among research projects that will receive funding as part of an \u00a386bn government investment into science and technology.<\/p>\n

Ministers have announced a \u00a322.5bn a year commitment in research and development<\/a> (R&D) over the next four years, including up to \u00a3500m for regional authorities to target the investment locally.<\/p>\n

The announcement comes before the spending review on Wednesday where Rachel Reeves<\/a>, the chancellor, will set out day-to-day expenditure for three years and investment spending for four years.<\/p>\n

Reeves said: \u201cBritain is the home of science and technology. Through the plan for change\u201d, we are investing in Britain\u2019s renewal to create jobs, protect our security against foreign threats and make working families better off.\u201d<\/p>\n

Peter Kyle, the science and technology secretary, said: \u201cR&D is the very foundation of the breakthroughs that make our lives easier and healthier \u2013 from new medicines enabling us to live longer, more fulfilled lives to developments in AI giving us time back, from easing our train journeys through to creating the technology we need to protect our planet from climate change.\u201d<\/p>\n

Ministers said the investment would boost the life sciences industry in Liverpool, the defence sector in Northern Ireland and semiconductors in south Wales. It matches a commitment made by the previous Conservative government to spend \u00a322bn a year on R&D.<\/p>\n

The seven mayoral strategic authorities in England \u2013 Greater Manchester, West Midlands, South Yorkshire, West Yorkshire, Liverpool City Region, North East and Greater London \u2013 will each receive awards of at least \u00a330m each. The fund will also include a competition open to all other parts of the UK.<\/p>\n

The announcement was welcomed by Richard Parker, the mayor of the West Midlands, and Kim McGuinness, the north-east mayor. McGuinness said the funds would support the car and green energy industries in her region.<\/p>\n

The package also includes \u00a34.8m for a partnership between Manchester and Cambridge to attract business investment.<\/p>\n

Alongside the spending review on Wednesday, Reeves is planning to announce an overhaul of the Treasury\u2019s \u201cgreen book\u201d<\/a> \u2013 the rules that govern how public investment plans are judged. Critics say the existing rules are biased in favour of London and the south-east.<\/p>\n

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