Corporate report

BEIS research and development (R&D) budget allocations 2020 to 2021

Confirmed allocations of the Department for Business, Energy and Industrial Strategy R&D budget for the financial year 2020 to 2021.

Documents

Details

At Budget 2020, the government announced the largest and fastest ever expansion of support for basic research and innovation, increasing public R&D investment to £22 billion per year by 2024 to 2025.

As a first step in meeting this ambition, £10.36 billion of funding is being allocated in 2020 to 2021 to BEIS programmes and partner organisations, including:

  • investment in world leading science and advanced mathematics
  • investment in Net Zero technologies in the energy, automotive and aerospace sectors
  • support to immediate efforts to respond to COVID-19, including sponsoring efforts to manufacture and trial a vaccine
Published 29 May 2020