The overall package, which will be announced on 11 June, is expected to be worth more than £22.5billion-a-year by the end of the decade – the NHS will also be handed a funding boost of £30bn.
Amid the tight budget for some departments, Reeves has warned “not everyone will get everything that they want”.
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Ministers unveil £86bn investment for ‘breakthrough’ science and tech Sort: Newest first Oldest first June 8, 2025 8:27 amR&D boost will allow ‘regions to lead the way’, mayors say as they welcome science and tech investment
The same amount will be invested in one equivalent region in each of Scotland, Wales and Northern Ireland, to be agreed with devolved governments.
North East Mayor Kim McGuinness said: “Our region is already an advanced manufacturing powerhouse and this announcement boosts my mission to create new growth, new jobs and new opportunities in two exciting ways.
Richard Parker, Mayor of the West Midlands, said: “This is exactly how we turn our potential into progress.
“From life sciences and advanced manufacturing to clean energy and AI, regions across the UK have the skills and the ideas – they just need the investment and the power to match.
“This will drive innovation that not only grows the economy but creates jobs, builds opportunity, improves health and changes lives.”
June 8, 2025 8:13 amMinisters unveil £86bn investment for ‘breakthrough’ science and tech
A £22.5bn annual investment will be made into research and development (R&D) over the next four years, including £500m for regional authorities.
Peter Kyle, the Science and Technology Secretary, said: “R&D is the very foundation of the breakthroughs that make our lives easier and healthier – from new medicines enabling us to live longer, more fulfilled lives to developments in AI giving us time back, from easing our train journeys through to creating the technology we need to protect our planet from climate change.”
Secretary of State for Science, Innovation and Technology Peter Kyle (Photo: Wiktor Szymanowicz/Future Publishing via Getty Images) Read More Details
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