The Autumn Budget



In response to the boost to R&D announced on Monday 20 November and the Autumn Budget, Professor Sir Robert Lechler PMedSci, President of the Academy of Medical Sciences, said:

“I was pleased to see the Prime Minister’s commitment earlier this week to supporting the UK’s leading position within global science and innovation.

“The additional £2.3 billion to be invested in 2021/2 and the commitment to increase spending on research and development (R&D) to 2.4% by 2027 builds on recent increases, and  will create a vital launch pad to bring the UK closer to the  long-term target of  3% of GDP.

“This commitment will help to provide a financial magnet in the UK for retaining and attracting R&D talent and investment from around the globe. I look forward to seeing  further details in the Industrial Strategy White Paper about how this investment will support the creation of a wider environment that will allow UK research to continue to flourish.

“Today’s announcement from the Chancellor that the findings of the Patient Capital Review will be implemented, and the establishment of a new £2.5 billion fund, will help innovative UK firms to start and grow. Supporting these businesses will help to deliver health solutions for patients in the UK and beyond.”

Read more about the Academy's work on investing in research 

Staff leads


Roundtable on 'Artificial intelligence and health'

Book Now

Richard & Hinda Rosenthal Symposium: Behaviour change to improve health for all

Book Now

Newcastle celebration 2019

Book Now
View more
 
 
 
 
 
 
FB Twitter Instagram Youtube