📋 Tender Overview
Scientists and researchers will get an extra 250 million funding this year to support pioneering research and drive the UKs ambitions to become a science superpower.As a result UK scientists will have access to more public funding than ever before. This takes total Government investment in RD to 14.9 billion in 202122 and follows four years of significant growth in RD funding including a boost of more than 1.5 billion in 202021.It will mean UK Government RD spending is now at its highest level in four decades.This investment reinforces the Governments commitment to putting research and development at the heart of plans to build back better from the pandemic. It will support vital and pioneering research while enabling the UKs brilliant scientists researchers and businesses to access and benefit from the worlds largest collaborative research programme Horizon Europe worth around 95 billion over the next decade.Last month the Government announced the new Advanced Research Invention Agency ARIA backed with 800 million by 202425 and tasked with funding high-risk high-payoff research that offers the chance of high rewards supporting ground-breaking discoveries that could transform peoples lives for the better.The Government remains committed to reaching its target of 2.4 of GDP being spent on RD across the UK economy by 2027 and increasing the budget for research and development to 22 billion.
