Research: Finance

(asked on 5th February 2025) - View Source

Question to the Department for Science, Innovation & Technology:

To ask the Secretary of State for Science, Innovation and Technology, what his Department's research and development budget was in the (a) 2023-24 and (b) 2024-25 financial year.


Answered by
Feryal Clark Portrait
Feryal Clark
Parliamentary Under Secretary of State (Department for Science, Innovation and Technology)
This question was answered on 14th February 2025

DSIT’s closing R&D budget for 2023-24 was £12,300m. This reflects the position post-Machinery of Government changes, comprising elements of the R&D budgets of DSIT’s predecessor departments.

DSIT’s R&D budget for 2024-25, updated at Autumn Budget 2024 is £12,500m*.

* Rounded to nearest £100m

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