Autumn Budget 2021: Chancellor promises greater investment in infrastructure and R&D

Cash increase of 50% to annual R&D spending

Elliot Gulliver-Needham
clock • 1 min read
Rishi Sunak. Source: Alamy

Rishi Sunak. Source: Alamy

Chancellor Rishi Sunak promised large increases in infrastructure and research and development (R&D) spending, representing the largest ever increase in R&D spending.

The chancellor announced today the allocation the first round of bids from the Levelling Up Fund, giving £1.7bn to invest in the infrastructure of over 100 local areas. The fund is the first steps towards...

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