RE: Spending Review today11 Jun 2025 14:47
Latino's post in full from CTAI board:
Announced in Spending review today…excellent news!
£1.2bn to be invested in 'training and upskilling young people'
published at 13:06
13:06
Now, Reeves turns to industry, saying she's "backing our innovators" by raising R&D funding to a "record high" of over £22bn per year by the end of the Spending Review period.
She also announces £2bn for the government's AI Action Plan, which is overseen by the secretary of state for science and technology.
All of this, she says, forms part of the government's aim to invest in "training and upskilling our young people".
The government will invest £1.2bn a year on this, she announces, saying this will "support over a million young people into training and apprenticeships so that their potential, their drive and their ambition is frustrated no longer".