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UK Govt Announces £86 Billion For Science, Tech & Defence
- On Sunday, the UK government revealed plans to allocate £86 billion toward advancements in innovation, technology, and defense by the year 2030, ahead of announcing its detailed budget.
- This investment follows recent public budget cuts by Chancellor Rachel Reeves amid tight fiscal conditions and increased borrowing to unlock £113 billion by 2030.
- The broader spending review, to be presented Wednesday, includes doubling public transport investment by 2030, a likely defense budget boost, and further cuts in other departments.
- The government announced that the £86 billion investment will accelerate key industries including technology, life sciences, advanced manufacturing, and defense, while fostering innovation hubs throughout various regions.
- This investment is expected to drive economic growth, create jobs, and maintain UK leadership in innovation while requiring tighter spending elsewhere and prompting public protests.
17 Articles
17 Articles
UK Government invests £86 billion to supercharge science and technology sectors
The UK Government has announced a £86 billion funding package aimed at enhancing the country’s science and technology sectors The investment, set to reach £22.5 billion annually by 2029/30, is part of the government’s wider Plan for Change and its commitment to drive economic renewal through a Modern Industrial Strategy. This package is designed to support breakthroughs in sectors such as life sciences, advanced manufacturing, artificial intelli…
How defence can lead growth through private investment
The UK’s Strategic Defence Review outlines ambitious long-term reforms, but by leveraging its strengths in finance, AI, and commercial shipping, Britain can achieve rapid defence innovation and capability gains without immediate major spending increases, says Julien de Saint-Quentin The Strategic Defence Review (SDR), published last week, was presented as a ‘transformative’, ‘once-in a generation’ exercise. The recommendations present a blueprin…
Government to grant funding package to boost UK's R&D sector
Chancellor Rachel Reeves is set to unveil an £86bn funding package in the upcoming Spending Review to “turbo-charge” the UK’s fastest growing sectors, as part of the government’s modern industrial strategy. The package, worth more than £22.5bn a year, will commence in 2029/2030 and aims to drive new jobs and economic growth as well as ensuring the UK leads the way in pioneering the technologies of the future. The funding will support local leade…
UK Government Pledges £86 Billion for Science and Technology R&D
The UK government has announced a substantial investment of £86 billion into science and technology research and development. This funding, to be rolled out over the coming years, aims to foster innovation, create jobs, and enhance national security, with a significant portion allocated to regional initiatives across the country. UK Unveils Landmark £86 Billion Science and Tech Investment In a move poised to reshape the nation’s scientific lands…
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