Overview
- DSIT detailed £55 billion of the Spending Review’s £86 billion public R&D pledge, setting multi-year budgets to 2029/30.
- UKRI will receive more than £38 billion across the period, with nearly £10 billion in 2029/30.
- ARIA’s annual funding will climb from £220 million to £400 million by 2029/30, including projects on robotics for adult social care.
- Allocations include over £1.4 billion for the Met Office, over £900 million for the National Academies, over £550 million for the National Measurement System, and £240 million for the AI Safety Institute.
- DSIT forecasts every £1 of public R&D delivers £8 in net benefits and attracts £2 of private investment, while its overall R&D budget totals £58.5 billion from 2026/27 to 2029/30; further programme-level details are due later this year, with the announcement made during Liz Kendall’s visit to IBM’s London base.