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EU Programmes: Announcement of £484m immediate investment for the UK R&D and fusion sectors
21 November 2022
Type
Written Ministerial Statement
Department
Department for Business, Energy and Industrial Strategy
At a Glance
Issue Summary
The government is announcing a £484m funding package to support UK R&D and fusion sectors amid delays in EU programme association.
Action Requested
The government is investing up to £484m immediately in the UK’s R&D sector, prioritising staff retention, maintaining world-class labs, and accelerating growth in the fusion industry. Additional investments for the Earth Observation community will be announced shortly.
Key Facts
- Up to £484m funding package announced.
- Aimed at securing UK’s commercial leadership in the fusion sector.
- Addresses ongoing uncertainty over access to EU programmes (Horizon, Copernicus, Euratom R&T and Fusion for Energy).
- Supports staff retention and local talent strategies at universities and research organisations.
- Government remains ready to discuss association with the EU but cannot wait indefinitely.
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Assessment & feedback
Summary accuracy