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UK to Boost R&D in Several Areas with Long Term (over 10-Year) Funding to Attract Private Investment
- On Monday 19 May 2025, UK Science Minister Lord Vallance unveiled new criteria for ten-year R&D funding to support key innovation sectors.
- This policy responds to calls for stability to address complex issues like antimicrobial resistance and quantum computing requiring long-term investment.
- The criteria focus on infrastructure, talent retention, international collaboration, and long-term partnerships to guide departments in allocating funding.
- According to DSIT, every £1 of public R&D spending leverages £2 in private investment and generates £7 in net economic benefits to the UK over time.
- The new funding approach aims to provide certainty to researchers, attract private investment, fulfill manifesto commitments, and underpin the upcoming Industrial Strategy.
11 Articles
11 Articles
UK to boost R&D in several areas with long term (over 10-year) funding to attract private investment
British Science Minister Lord Vallance unveiled on Monday a more robust R&D criteria policy exploring innovation in areas as diverse as human health and cutting-edge computing, but particularly with a much-needed long-term certainty.
Whitehall departments to set decade-long R&D investment plans
The government has made good on a manifesto pledge to move on from a system in which budgets are set for the year ahead, and adopt much longer-term support models The government will support Whitehall departments in setting ten-year budgets for research and development activities. To date, budgets have usually been set on an annual basis, which researchers claim often becomes a barrier when trying to secure long-term investment or plans. However…
NCUB Welcomes Long-Term Research Budget Commitment As Foundation For Innovation And Economic Growth
The National Centre for Universities and Business warmly welcomes today's announcement from DSIT outlining plans for 10-year research budgets—an important step toward long-term stability and innovation in the UK’s research ecosystem.
UK government to ramp up R&D funding with 10-year plan
Vital R&D work exploring innovation in areas including human health and cutting-edge computing will be given long-term certainty under new criteria unveiled by Science Minister Lord Vallance. It will enable and support government departments and other public bodies to fund R&D over a 10-year period – giving certainty to research organisations that their work will continue over the long-term. This is in aid of helping those businesses to attract …
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