This blog was written by Stephanie Smith, Head of Policy (Research and International) at the Russell Group.
What did we learn?
Overall, this is a good outcome for UK Research and Development, and UKRI more generally. The release by the Department for Business, Energy and Industrial Strategy (BEIS) states that UKRI’s budget will grow from £7.8bn in 2021/22 to £8.9bn in 2024/25; core budgets for all the Councils, including Innovate UK, will also rise during this period. Research England and Innovate UK are particular winners – signalling the Government’s ongoing commitments to innovation and (hopefully) fundamental research.
