Royal Society submission to the 2023 Spring Budget

01 February 2023

This submission to the Government’s 2023 Spring Budget outlines how the Royal Society’s policy work can support the delivery of the long-term growth and prosperity vision articulated by the Prime Minister and Chancellor in recent speeches, and demonstrates the enormous innovation, productivity and skilled jobs potential created by the development of new technologies and delivering low carbon, sustainable futures.

Our key recommendations for the Government to take forward in this year’s Budget include:

  • Ensure Government spending on R&D keeps pace with other nations, and establish a long-term strategy for science, research and innovation that commands cross party support.
  • Mirror progress on the Northern Ireland protocol by preparing the ground to secure Horizon Europe association at the earliest opportunity
  • Reduce work and study visa fees in line with other leading science nations.
  • Reconsider proposed cuts to the SME R&D tax credit scheme, which risk disincentivising innovation among smaller companies.
  • Introduce an evidence-led UK technology roadmap to guide investment to fledgling sectors and technologies that will be critical for delivering net zero.
  • Establish data informed, cross departmental land use frameworks to manage land use trade-offs.
  • Pursue a major review of the secondary and post-16 education systems in England, including exploring alternatives to the current narrow A level examinations.