Autumn spending review will now be crucial in deciding whether UK hits R&D spending targets for 2024–25
All eyes in the science community are on this autumn’s spending review after the government finally revealed how it will allocate funding for science in the current financial year.
The delayed allocations come after fears in March that the payment to associate to Horizon Europe would come out of UKRI’s core budget. Extra cash was found to cover the £1 billion bill for participation this year. Another £200m has been set aside for Euratom research and training. This comes from the budget held by the Department for Business, Energy and Industrial Strategy (BEIS).