The Science Budget is set by the Government’s Spending Reviews, which is the mechanism used by Treasury to determine how much tax payers money to put into various Government priorities.
Money is not just to deliver public services but is linked to the reform of the public sector and improvements in education, health, transport and the criminal justice system.
Each Spending Review sets a three year budget for Government Departments and associated Public Service Agreement (PSA) targets – the improvements the public can expect from the use of their taxes.
Spending Reviews overlap so that the last year of one Spending Review period is also the first year of the next Spending Review period. This gives the Treasury flexibility to respond to economic pressures and changing priorities.