ABPI welcomes announcement of ten-year budgets for R&D funding

The Department for Science, Innovation and Technology (DSIT) today announced new ten-year budgets for R&D funding. 

Welcoming the announcement, Dr Janet Valentine, Executive Director of Innovation and Research Policy at the ABPI said: 
 
“It's positive that the government has acknowledged the need for longer term funding for vital national science infrastructure, attracting and retaining talent in the UK and sustaining partnerships with industry and other sectors. It is an opportune time for the government to set out its stall for the UK’s commitment to backing scientific research, resources, skills and partnerships with industry. 
 
“As an industry, we will continue work with the government to help the UK improve its international competitiveness as a place to do science and deploy innovative medicines and vaccines."

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  • Research and Development

Last modified: 19 May 2025

Last reviewed: 19 May 2025

The ABPI exists to make the UK the best place in the world to research, develop and use new medicines. We represent companies of all sizes who invest in discovering the medicines of the future. 

Our members supply cutting edge treatments that improve and save the lives of millions of people. We work in partnership with Government and the NHS so patients can get new treatments faster and the NHS can plan how much it spends on medicines. Every day, we partner with organisations in the life sciences community and beyond to transform lives across the UK.