PM May Promises Additional £2 Billion Government Investment per Year in R & D

PM May intends to invest an additional £2 billion in r & d in the coming years with robotics being a key area of investment.
Robotized float glass unloading. (ICAPlants/Wikimedia Commons)

In conjunction with announcing her Industrial Strategy, Prime Minister Theresa May announced in November 2016 that the UK government would invest an additional £2 billion per year in research and development by 2020.

She also announced a new Industrial Strategy Challenge Fund that will invest in “priority technologies” like robotics and biotechnology.

Of this increase in investment, the PM May said:

It is a new way of thinking for government – a new approach. It is about government stepping up, not stepping back, building on our strengths, and helping Britain overcome the long-standing challenges in our economy that have held us back for too long.

To read the full government press release about the Prime Minister’s announcement, click here: