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Spending Review 2025: Faster Drug Treatments and Longer-Lasting Batteries to Come From £86bn Science and Tech Package

  • Chancellor Rachel Reeves will announce an £86 billion funding package this week to boost science and technology across the UK.
  • This funding responds to the need for regional empowerment and aims to support faster drug treatments and longer-lasting batteries.
  • Local leaders will control up to £500 million each to invest in projects like drug discovery in Liverpool and microchip design in South Wales.
  • Peter Kyle highlighted the remarkable and wide-reaching research taking place across the nation, while Reeves described the UK as a leading center for science and technology.
  • This investment, expected to exceed £22.5 billion annually by 2030, aims to create jobs, drive economic growth, and reinforce national security.
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Rachel Reeves to announce £86bn for science and technology in spending review

Regions will be handed up to £500 million with local leaders given powers to decide how investment is targeted in their communities.

·London, United Kingdom
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Daily Mirror broke the news in London, United Kingdom on Saturday, June 7, 2025.
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