Recently the UK government released its Autumn Statement announcing additional funding for research and development (R&D). The government plans to put £2 billion more per year into R&D funding resulting in a total boost of £4.7 billion by 2020 to 2021.
This funding will cover R&D funding for businesses and universities with R&D projects in industries including: e.g. artificial intelligence, robotics and industrial biotechnology. The aim is to make the UK attractive for business investment and to allow the country to compete in innovative research on a worldwide stage.