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1307717
registered interest false more like this
date less than 2021-04-12more like thismore than 2021-04-12
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading UK Research and Innovation: Development Aid more like this
house id 2 more like this
legislature
25277
pref label House of Lords remove filter
question text To ask Her Majesty's Government what plans they have to publish a cost-benefit financial assessment of the impact of reduced Official Development Assistance funding for research and development over the next five years. more like this
tabling member printed
Lord Bassam of Brighton more like this
uin HL14687 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2021-04-26more like thismore than 2021-04-26
answer text <p>In the context of unprecedented economic and fiscal circumstances, the Government decided at the 2020 Spending Review that sticking rigidly to spending 0.7% of gross national income as Official Development Assistance (ODA) was not an appropriate prioritisation of resources.</p><p> </p><p>The 2020 Spending Review and subsequent review of departmental ODA allocations conducted by the Foreign Secretary confirmed departmental ODA allocations for the financial year 2020-21. This has ensured that UK ODA is focused on our strategic priorities, spent where it will have the maximum impact, has greater coherence and delivers most value for money.</p><p> </p><p>As a consequence of this prioritisation, ODA funding for research and development (R&amp;D) over 2021-22 has been reduced from previous years. However, the Government invested nearly £15 billion in overall R&amp;D in 2021-22 at the 2020 Spending Review. This follows four years of significant growth in government R&amp;D funding and boost of more than £1.5bn in 2020-21 alone.</p><p> </p><p>Decisions have not yet been made on the ODA budget over the following years. The Government remains committed to international development and intends to return to the 0.7% target when the fiscal situation allows.</p>
answering member printed Lord Agnew of Oulton more like this
question first answered
less than 2021-04-26T13:01:23.763Zmore like thismore than 2021-04-26T13:01:23.763Z
answering member
4689
label Biography information for Lord Agnew of Oulton more like this
tabling member
3504
label Biography information for Lord Bassam of Brighton more like this