BEIS has published its allocations to UKRI's Councils for the next three years. What did we discover?

This blog was written by Stephanie Smith, Head of Policy (Research and International) at the Russell Group.

What did we learn? 

Overall, this is a good outcome for UK Research and Development, and UKRI more generally. The release by the Department for Business, Energy and Industrial Strategy (BEIS) states that UKRI’s budget will grow from £7.8bn in 2021/22 to £8.9bn in 2024/25; core budgets for all the Councils, including Innovate UK, will also rise during this period. Research England and Innovate UK are particular winners – signalling the Government’s ongoing commitments to innovation and (hopefully) fundamental research.