The government has submitted its 2007 Comprehensive Spending Review (CSR07), which sets its spending plans for 2008–09, 2009–10 and 2010–11. Of CSR07’s allocations to the Department for Innovation, Universities and Skills, research funding will total £5.6 billion ($11.4 billion) for 2008–09, £5.9 billion for 2009–10 and £6.3 billion for 2010–11. Funding for the Department for Environment, Food and Rural Affairs (Defra) is set for £3.7 billion in 2008–09, £3.8 billion in 2009–10 and £4.0 billion in 2010–11. From this funding, Defra will contribute £170 million to the Environmental Transformation Fund over the CSR07 period and the Department for Business, Enterprise and Regulatory Reform will spend £200 million. To improve the translation of research into healthcare, a combined fund for health research of £1.7 billion by 2010–11 will be established with contributions from the Department of Health Research and Development and the Medical Research Council.

Source: Her Majesty’s Treasury