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Our budget

As a non-departmental public body sponsored by the Department for Business, Energy and Industrial Strategy (BEIS), UKRI’s budget is determined by the overall funding allocated to BEIS for R&D at Spending Review and budgets, and subsequent decisions by the Secretary of State as to how that funding should be allocated to UKRI and other partner bodies.

The BEIS Secretary of State decides on UKRI’s overall allocation and, within that, allocations to councils, key programmes and the balance of dual support.

BEIS published their R&D allocations which will outline how they will allocate their R&D budget for the financial year 2021-22, including UKRI’s allocation. In addition, we have published a detailed breakdown of UKRI’s budget allocation.

Summary

BEIS has confirmed an allocation of £7,908 million to UKRI for the financial year 2021-22.

This provides an increase in excess of inflation to the core R&D budgets of UKRI councils and enables us to continue planned activity in our Strategic Programmes (formerly National Productivity Investment Fund) funds. UKRI’s budget is 10% higher than in our first year of operation in 2018-19 (see Table 1 of the PDF).

Total UK public investment in R&D has also increased over this period, rising from £13.2 billion in 2020-21 to £14.9 billion in 2021-22, an increase of 13% (see Figure 1 of the PDF).

UKRI was originally allocated £8,447 million for the last financial year, 2020-21. The government subsequently announced a £300 million additional, one-year investment to upgrade scientific infrastructure through the World Class Labs funding scheme. As a result of this and other adjustments, UKRI’s budget for 2020-21 was £8,668 million.

UKRI’s allocation in 2021-22 is £403 million lower (5%) than our 2020-21 budget (excluding the World Class Labs investment). This is primarily accounted for by a reduction of £284 million in our Official Development Assistance (ODA) budget. The impact on individual councils will vary depending on the proportion of their total budgets accounted for by ODA programmes.

Last updated: 2 June 2021

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