Wednesday's budget announcement included £20.4 billion of funding for research and development for the next year.
The money will fully fund the UK’s association with Horizon Europe, providing scientists and innovators access to the world’s largest collaborative funding scheme, with over £80 billion available for cutting-edge projects under the EU scheme.
At the same time, DSIT’s R&D budget has increased to £13.9 billion, and core research funding has also been increased to a record £6.1 billion.