Department for Business, Energy and Industrial Strategy
(BEIS)
Table 2.14: Department for Business, Energy and Industrial
Strategy
|
|
£ billion
|
|
|
2019-20
|
2020-21
|
|
RDEL excluding
depreciation
|
2.2
|
2.5
|
The Business, Energy and Industrial Strategy settlement includes:
-
a 2.1% increase in real terms to the department’s resource
budget from 2019-20 to 2020-21, excluding the Nuclear
Decommissioning Authority;
-
an additional £30 million to accelerate progress on
developing decarbonisation schemes that will help to move
the UK towards
its Net Zero greenhouse gas emissions target by 2050. Further
detail on how the UK will make progress towards
this ambitious target will be set out in the National
Infrastructure Strategy this autumn;
-
£28 million to deliver compliance and enforcement activities
against firms underpaying workers under National Minimum Wage
and National Living Wage rules. This includes improving
employer awareness, identifying underpayment, helping return
any lost wages to workers, and taking action on employers for
underpayment;
-
support for small businesses to grow, including providing
access to finance via the British Business Bank;
-
improving the impact of the government’s funding for parental
leave and pay arrangements by reviewing the effectiveness of
existing schemes and consulting on how the government should
prioritise and balance different levels of support to ensure
they meet the needs of parents and their employers;
-
continuing to provide £191 million of funding to support
delivery of Brexit-related activities, including the
development of a UK Global Navigation Satellite
System option and delivering business stability for company
law and audit;
-
£87 million of ODA funding to
deliver the government’s commitments to help developing
countries reduce their carbon emissions and adapt to the
effects of climate change;
-
£243 million additional funding for the Nuclear
Decommissioning Authority to enable it to continue the work
of safely decommissioning the UK’s nuclear legacy sites; and
-
£8 million funding for Companies House to deliver new
policies relating to economic crime and anti-money
laundering.
The government is committed to increasing levels of research and
development (R&D) to at least 2.4%
of GDP by
2027. In the autumn, the government will set out plans to
significantly boost public R&D funding, provide
greater long-term certainty to the scientific community, and
accelerate its ambition to reach 2.4% of GDP.
