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<p>DSIT is responsible for the majority of the Government’s spending on R&D, including
UK Research and Innovation’s (UKRI) budget of £25.1 billion across the current Spending
Review (FY2022/23 – 2024/25). This includes an allocation of over £8.8 billion in
financial year 2024/25.</p><p> </p><p>As outlined by the Chancellor at Spring Budget
2024, the next Spending Review to set future financial year budgets will be held after
the General Election.</p><p> </p><p>DSIT has budgets and plans in place until at least
April 2025. Government will agree departmental budgets for financial years following
this as part of the usual budget setting process.</p>
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