Mathematics: Finance

Department for Business, Energy and Industrial Strategy written question – answered on 20th July 2022.

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Photo of Afzal Khan Afzal Khan Shadow Minister (Justice)

To ask the Secretary of State for Business, Energy and Industrial Strategy, when the remaining £176 million of the Government's commitment of £300 million of additional funding for mathematical sciences will be released.

Photo of Jane Hunt Jane Hunt Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

UKRI’s council level allocations were published on 30 May. The total UKRI allocation is £25.1 billion for 2022-25 and will reach its highest ever level in 2024-25 (over £8.8 billion).  This multi-year settlement provides UKRI and its constituent research councils with stability and certainty to deliver world class research and innovation across their portfolio, including in mathematical sciences.

As part of the Additional Funding Programme for Mathematical Sciences, UKRI have committed £124 million out to 2028-29. UKRI will seek further opportunities to support mathematical research as it moves towards greater collective management of its funding, creating a portfolio of investments.

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