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The phrase "despite spending" is grammatically correct and commonly used in written English.
It is typically used to show a contrast between two ideas or actions, with the first idea being related to spending money and the second idea being a different outcome or consequence of that spending. Example: Despite spending a fortune on expensive organic produce, I still ended up getting sick from food poisoning.
Exact(60)
Gunn, despite spending his days having sex, is lonely.
"Despite spending millions of dollars in this battle, we've failed".
The gap between rich and poor remains wide, despite spending on anti-poverty programs, fueling resentment.
He survived, despite spending several days in a coma and also suffering bleeding on his brain.
The jobless rate has not dipped below 8% for 25 years, despite spending on subsidised jobs.
Britain has slipped down the rankings, despite spending heavily on education in the last decade.
Despite spending every day hunting for work, she has not had a job since June 2008.
Despite spending $15tn to fight this war, big government ideas of the past are not working.
Despite spending $4.8 billion this year, the Pentagon has had tests of a limited system fail.
Despite spending more time at home and concentrating on safer routes, Anker remains a professional mountaineer.
A naturally aggressive and competitive animal, despite spending much of her career at the BBC.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com