At Prime Minister’s Questions on 23 November, Rt Hon Cheryl Gillan MP said:
“As we leave the EU, maintaining the UK’s cutting edge and world leadership in scientific and technological discovery is of paramount importance to our industries and universities. Can I welcome the Prime Minister’s announcement that each year we will invest a further £2 billion in Research and Development to boost our science and engineering base. Isn’t this just the type of vital support that our businesses and researchers need, rather than the threats from the Labour Party to slash the Research and Development tax credits which would hamper innovation and harm our economy?”
Rt Hon Theresa May MP replied:
“ My Rt. Hon. Friend is absolutely right. Extra investment into Research and Development is a crucial part of longer term investment and ensuring we have growth in our economy and industry.”
Rt Hon Cheryl Gillan MP commented afterwards: “ We have companies in Chesham & Amersham which lead the way in global innovation, employing the talents of our highly skilled workforce in Buckinghamshire. We must maintain the Research and Development base and not risk losing our skills.”
Immediately following Prime Minister’s Questions, the Chancellor of the Exchequer confirmed in the Autumn Statement that the additional investment will come through by 2020-21. Rt Hon Philip Hammond MP said: “As the pace of technology advances, we must build on our strengths in science and tech innovation to ensure the next generation of discoveries is made, developed and produced in Britain.”
You can watch Cheryl's question in the video link above, from 22 mins.