Research: Finance:Written question - 68698

Q
Asked by Chi Onwurah
(Newcastle upon Tyne Central)
Asked on: 03 July 2020
Department for Business, Energy and Industrial Strategy
Research: Finance
Commons
To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to the Policy paper, UK Research and Development Roadmap, published on 1 July 2020, from which of his Department's budgets will funding be allocated to ARPA-style body to boost transformative research in the UK.
A
Answered by: Amanda Solloway
Answered on: 13 July 2020

We will invest at least £800 million to set up a unique and independent funding body that will back breakthrough technologies and basic research by experimenting with new funding models across long-term time horizons. We want to empower researchers to lead the world in the creation of new technologies, so we are currently in discussions with notable scientists and innovators to further develop and refine the design of the body. The funding for the new body and how it is allocated will be designed around the most appropriate model to deliver its vision, and the Department’s funding for future years from 2021-22 on will be allocated via the Spending Review.

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