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Quango that hands out £8bn a year failed to meet efficiency target and instead hired more staff
UKRI, the Government’s innovation agency, is being lined up as a potential target for cuts to help balance the books, it is understood

UK Research and Innovation - Wikipedia

UK Research and Innovation
UKRI convenes, catalyses and invests in close collaboration with others to build a thriving, inclusive research and innovation system.

UK Research and Innovation
UK Research and Innovation (UKRI) is the national funding agency investing in science and research in the UK. Operating across the whole of the UK with a combined budget of more than £6 billion, UKRI brings together the 7 Research Councils, Innovate UK and Research England. UKRI is an executive...
Incidentally, UKRI is the parent body of the Natural Environment Research Council (UKRI-NERC), and directly owns the NERC's vessels, including the British Antarctic Survey's RRS Sir David Attenborough.