£2bn increase in research spending per year announced

By Brendan O'Malley. In his Autumn Statement 2016 on Wednesday, the Chancellor of the Exchequer announced a commitment to £2 billion (US$2.5 billion) more spending per year in research and development funding by 2020-21, which he described as a “major increase” in research and development funding for universities and businesses with R&D projects. Read more...