The UK plans to invest 86 billion pounds to support research and development in multiple fields.

UK Plans to Invest 86 Billion Pounds in R & D across Multiple Fields

The UK government announced in a statement on June 8 that it will invest 86 billion pounds in R & D across multiple fields in the coming years to boost employment and economic growth and ensure the UK's leading position in scientific research globally. Chancellor of the Exchequer Rachel Reeves is scheduled to announce the above plan when delivering the Spending Review report on the 11th. The plan covers numerous fields such as new drugs, batteries, and artificial intelligence. Under this new R & D plan, the UK intends to develop "innovation clusters" nationwide to unleash local vitality and provide local governments with up to 500 million pounds in development funds. The plan will benefit various sectors, including the life sciences industry in Liverpool, the defense industry in Northern Ireland, and the semiconductor industry in South Wales. According to the above statement, R & D is also at the core of approximately three million jobs in the UK, and its continuous progress will create more jobs.

—— Xinhua News Agency

via Fengxiangqi Reference Express - Telegram Channel