UKRI receives budget allocation for the financial year 2021-22

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The Department for Business, Energy and Industrial Strategy (BEIS) has today confirmed an allocation of £7,908 million to UKRI for the financial year 2021-22.

The BEIS R&D Allocations publication outlines how BEIS will allocate its R&D budget for the financial year and you can read more on their website (GOV.UK).

UKRI Chief Executive, Professor Dame Ottoline Leyser said:

This settlement provides nearly £8 billion of public money to support the UK’s outstanding research and innovation system. It enables us to continue planned activity in our Strategic Programmes, as well as supporting the vital research base on which they depend.

Professor Leyser added:

The past year has been tremendously difficult for the research and innovation community on a number of levels but its response has been equally remarkable. Research and innovation has a key role to play in the recovery, fuelling a more inclusive and greener knowledge economy driving up prosperity and wellbeing across the UK.

To allow us to capture this opportunity, it will be important for us to continue to work together over the coming months to present the strongest possible case for increased and sustained investment in the sector at the next Comprehensive Spending Review expected in the autumn.

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