"Labour's Modern Industrial Strategy, announced in June, is underpinned by this commitment, which amounts to £86bn investment into UK R&D, targeted towards the eight sectors with the highest growth potential, leveraging private investment in cutting-edge research, technologies and commercial applications - tech and digital is one of those sectors. Labour's goal is to make the UK the leading European hub to create, invest in and scale fast-growing digital and technology businesses."
"The Advanced Research + Invention Agency (Aria) will see its funding more than double from £220m a year to £400m a year by 2029-30. Some of this will be used by Aria to support its work looking into how robots can potentially help meet the growing need for adult social care. The Met Office will receive more than £1.4bn to support its work in climate science. Other areas of funding include over £900m for National Academies, £550m for the National Measurement System,"
The government plans to allocate £55bn of the £86bn R&D commitment over the next five years as a central pillar of industrial strategy aimed at economic growth and improved living standards. Funding will reach £22.6bn per year by 2029–30, targeting eight high-growth sectors and leveraging private investment in research, technologies and commercial applications. UKRI is tasked with delivering more than £38bn by 2029, including nearly £10bn in 2029/30. Aria funding will rise to £400m a year by 2029–30 to support innovation including robotics for adult social care. The Met Office, National Academies, National Measurement System and an AI Safety Institute will also receive significant funding. The announcement was made during a visit to IBM’s London office.
Read at ComputerWeekly.com
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