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<p><del class="ministerial">This Government wants the UK to be the go-to place for
researchers, innovators and investors across the world. We have made a landmark commitment
to work with industry to boost spending on Research and Development (R&D) to 2.4%
of gross domestic product (GDP) by 2027. The work could increase public and private
R&D investment by as much as £80 billion over the next 10 years. This will start
with government making an extra investment of £2.3 billion in 2021/22, raising total
public investment in R&D to £12.5 billion that year alone.</del></p><p> </p><p><del
class="ministerial">As part of our ambition for a new deep and special partnership
with the EU, recognising our shared interest in maintaining and strengthening research
collaboration, the UK will seek an agreement that promotes science and innovation
across Europe now and in the future. This includes continued collaboration in vital
sectors such as life sciences that, through programmes such as the Innovative Medicines
Initiative, help deliver better care for patients in the UK, member states and around
the world.</del></p><p> </p><p><del class="ministerial">While we remain a member of
the EU, UK businesses and universities should continue to bid for competitive EU funds,
and we will work with the Commission to ensure payment when funds are awarded. The
Government will underwrite the payment of such awards, even when specific projects
continue beyond the UK’s departure from the EU. This includes awards that are bid
for before exit that are successful after exit.</del></p><p> </p><p><ins class="ministerial">The
Government has an exciting ambition to take the UK into the commercial space age.
We are actively supporting the development of a commercial market for small satellite
launch and sub-orbital flight in the UK, by helping industry to develop new technologies,
infrastructure and services. This will establish the UK as a world leading destination
for space launch. </ins></p><p><ins class="ministerial"> </ins></p><p><ins class="ministerial">We
are putting in place new regulation, working internationally to secure agreements
and evaluating proposals for grants that would help get the first missions from the
UK off the ground.</ins></p><p><ins class="ministerial"> </ins></p><p><ins class="ministerial">We
welcome engagement from any company seeking to offer small satellite launch capability
from a UK spaceport. </ins></p><p><strong> </strong></p><p> </p>
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