R&D ambitions at heart of Chancellor’s business support measures
The Chancellor's Budget was packed full of measures to support research and development as part of tweaks to business tax regime.
Rishi Sunak set out an increase in public R&D investment to £22bn per year by 2024-25, with more details to be presented as part of the comprehensive spending review.
It will include more funding for research institutes and universities across the UK, a new blue-skies funding agency, and extra money for specialist institutions including the Institute of Cancer Research.
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