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<p>The 2021 Spending Review set out the government’s plan to increase public R&D
spending from £14.9bn in 2021/22 to £20 billion per annum by 2024/25. The substantial
uplift to research and science funding will not only allow the UK to build on our
core strengths but will also provide opportunities to grow research and innovation
investment across the entire country as part of the Government’s approach to levelling
up the UK economy. Further details of how this funding will be allocated will be announced
in due course.</p><p> </p><p>The Government’s Innovation Strategy, published in July,
outlined our thinking on how to grow innovation clusters and ensure that research
and innovation benefits the economy and society across the UK. The forthcoming Levelling
Up White Paper will take a comprehensive place-based approach to economic growth and
will set out more detail on how Government will support levelling up through R&D.</p><p>
</p><p>The Government is taking steps to increase the transparency of how places benefit
from R&D funding. UKRI are publishing detailed breakdowns of their funding data
at a regional level annually – the latest available data is on UKRI's website.</p><p>
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