Written question asked by Chi Onwurah (Labour) on Wednesday, 17 July 2019, in the House of Commons. It was due for an answer on Monday, 22 July 2019 (named day). It was answered by Chris Skidmore (Conservative) on Monday, 22 July 2019 on behalf of the Department for Business, Energy and Industrial Strategy.
Science: Finance
- Question
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To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 9 July 2019 to Question 273388, what (a) discussions he has had with and (b) advice he has received from UK Research and Innovation on the quantitative relationship between (i) public and (ii) private sector investment in science.
- Answer
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UK Research and Innovation leads on engagement with industry in developing the challenges under the Industrial Strategy Challenge Fund (ISCF) and advises BEIS on projects. We are expecting to meet more than 1:1 match between industry and government funding for Wave 3 of the ISCF. Recently, we announced £220 million allocated from UK Research Partnership Investment Fund, which will bring in a further £500 million in private R&D funding; and £153 million of government funding on quantum technologies, with an additional £205 million expected to be pledged by industry.
Secondary information
- Type
- Written question
- Reference
- 278490
- Session
- 2017-19
- Related items
- Subjects
- Finance Innovation Research Science
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2022-06-29 10:39:10 +0100
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- http://data.parliament.uk/writtenparliamentaryquestion/commons/2017-19/278490
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