Corporate report

BEIS research and development (R&D) budget allocations 2020 to 2021

Confirmed allocations of the Department for Business, Energy and Industrial Strategy R&D budget for the financial year 2020 to 2021.

• From: Department for Business, Energy & Industrial Strategy
• Published: 29 May 2020

This was published under the 2019 to 2022 Johnson Conservative government

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BEIS research and development budget allocations 2020 to 2021

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At Budget 2020, the government announced the largest and fastest ever expansion of support for basic research and innovation, increasing public R&D investment to £22 billion per year by 2024 to 2025.

As a first step in meeting this ambition, £10.36 billion of funding is being allocated in 2020 to 2021 to BEIS programmes and partner organisations, including:

• investment in world leading science and advanced mathematics
• investment in Net Zero technologies in the energy, automotive and aerospace sectors
• support to immediate efforts to respond to COVID-19, including sponsoring efforts to manufacture and trial a vaccine

Published 29 May 2020