Factcheck LedgerReceipts, not verdicts

UK public spending on enterprise and economic development by year

Support for business, industry and economic development.

Spending, 2025-26
£23.5 billion
HM Treasury, PESA
Share of GDP
0.8%
2025-26

HM Treasury's Public Expenditure Statistical Analyses (PESA) put public spending on enterprise and economic development at £23.5 billion in 2025-26. In 2024-25 it was £20.9 billion, so the cash figure changed by +12.4%. Adjusted to 2025-26 prices, it was £10.7 billion in 2003-04 and £23.5 billion in 2025-26. As a share of GDP it was 0.8% in 2025-26; the highest share in the table is 6.2% in 2020-21.

£131.5£4.8 2003-042025-26
Every value in the official series, 2003-04 to 2025-26.

Spending by year

YearCashChange on previous yearReal terms (2025-26 prices)Share of GDP
2025-26£23.5 billion+12.4%£23.5 billion0.8%
2024-25£20.9 billion-15.0%£21.6 billion0.7%
2023-24£24.6 billion-60.4%£26.5 billion0.9%
2022-23£62.1 billion+71.1%£70.4 billion2.4%
2021-22£36.3 billion-72.4%£44.1 billion1.5%
2020-21£131.5 billion+618.6%£159.8 billion6.2%
2019-20£18.3 billion+29.8%£23.4 billion0.8%
2018-19£14.1 billion+31.8%£18.5 billion0.6%
2017-18£10.7 billion+28.9%£14.4 billion0.5%
2016-17£8.3 billion+10.7%£11.3 billion0.4%
2015-16£7.5 billion+13.6%£10.4 billion0.4%
2014-15£6.6 billion-1.5%£9.2 billion0.3%
2013-14£6.7 billion+34.0%£9.5 billion0.4%
2012-13£5.0 billion+4.2%£7.2 billion0.3%
2011-12£4.8 billion-2.0%£7.1 billion0.3%
2010-11£4.9 billion-59.8%£7.4 billion0.3%
2009-10£12.2 billion-24.7%£18.6 billion0.8%
2008-09£16.2 billion+128.2%£25.1 billion1.0%
2007-08£7.1 billion+12.7%£11.4 billion0.5%
2006-07£6.3 billion-1.6%£10.3 billion0.4%
2005-06£6.4 billion-1.5%£10.8 billion0.4%
2004-05£6.5 billion+8.3%£11.3 billion0.5%
2003-04£6.0 billion£10.7 billion0.5%

PESA 2026 Tables 4.2, 4.3 and 4.4, line "of which: enterprise and economic development (2)". About these figures · CSV

Sources and receipts