{"id":27595,"date":"2021-10-29T14:15:36","date_gmt":"2021-10-29T14:15:36","guid":{"rendered":"https:\/\/news.cancerresearchuk.org\/?p=23732"},"modified":"2024-11-03T15:14:11","modified_gmt":"2024-11-03T15:14:11","slug":"what-the-budget-2021-means-for-research","status":"publish","type":"post","link":"https:\/\/ogkologos.com\/en\/what-the-budget-2021-means-for-research\/","title":{"rendered":"What the Budget 2021 means for research"},"content":{"rendered":"
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The Comprehensive Spending Review has set out the Government\u2019s spending plans for the next three years, including a boost in health research investment. But what do these plans mean for our research community and its work?<\/em><\/p>\n<\/div>\n

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In his speech, the Chancellor stressed the importance of research and innovation, including the life sciences, and his announcements appear broadly positive for health research.<\/p>\n

Rishi Sunak announced the Government would spend \u00a320bn on R&D by 2024-25 and \u00a322bn by 2026-27 \u2013 delaying the original target by two years. Whilst this delay is disappointing, year-on-year increases to R&D funding are still provided at a time when public spending is under increased scrutiny.<\/p>\n

Boost for health research<\/strong><\/p>\n

This investment includes \u00a35bn for health research, rising to \u00a32bn a year by 2024-25, which represents \u00a31.2bn of new spending between now and 2025. Not all of this funding has been allocated yet and most of this uplift occurs in the final year (2024\/25) \u2013 we will engage with the Government on those decisions \u2013 but we do know it provides:<\/p>\n