---

Dept of Trade and Industry

Answer

Mr. Stephen O'Brien: To ask the Secretary of State for Trade and Industry how much money has been spent on the (a) Higher Education Innovation Fund and (b) Public Sector Research Exploitation Fund in each quarter since its introduction. [181031] Ms Hewitt: Funding such as HEIF and PSRE enable better relationships with industry and support the commercialisation of the intellectual property generated by research carried out in the public sector and universities. Actual spend is shown in the following table: Higher Education Innovation Fund (Round 1): _________________________________________________________________________________________________. Quarter £ February 2002 4,572,346 Total 2001-02 4,572,346 May 2002 6,185,466 August 2002 4,294,001 November 2002 6,385,402 February 2003 5,926,463 Total 2002-03 22,791,332 May 2003 6,086,861 August 2003 6,068,393 November 2003 6,213,097 February 2004 6,007,476 Total 2003-04 24,375,827 May 2004 6,752,225 Total spend 58,491,730 _________________________________________________________________________________________________. Higher Education Innovation Fund (Round 2) HEIF 2 funding has been allocated and will be available for drawdown from August 2004. Public Sector Research Exploitation Fund (Round 1) Actual spend for PSRE 1 is collected on an annual basis and is shown in the following table: PSRE payments--Each financial year _________________________________________________________________________________________________. £ 2001-02 287,500 2002-03 7,521,860 2003-04 300,000 Total 8,109,360 _________________________________________________________________________________________________. Public Sector Research Exploitation Fund (Round 2) Funding for PSRE Round 2 was available from 1 April 2004. Actual spend to date £6,205,817.

Secondary information

Type

Written question

Reference

181031; 423 c1023-4W

Session

2003-04

Subjects

Expenditure Innovation Higher education Public sector Research Higher Education Innovation Fund Public Sector Research Exploitation Fund

Contains statistics

Yes

Link

View this Written question on www.publications.parliament.uk