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Written question asked by Chi Onwurah (Labour) on Tuesday, 11 July 2023, in the House of Commons. It was due for an answer on Monday, 17 July 2023 (named day). It was answered by Dehenna Davison (Conservative) on Monday, 17 July 2023 on behalf of the Department for Levelling Up, Housing and Communities.


Innovation

Question

To ask the Secretary of State for Levelling Up, Housing and Communities, if he will make an estimate of the potential changes in the level of (a) employment and (b) private sector co-investment in R and D projects since the end of European Regional Development Fund support for innovation.

Answer

The UK Shared Prosperity Fund (UKSPF) is a successor, and not a replacement, to the former European Social Fund and European Regional Development Fund.

Each place was tasked with working with local partners - including businesses and education and innovation providers - to develop an investment plan. Places could choose from a range of interventions, including investment in research and development (R&D). It is for places to decide how they use their allocation for R&D, and this will depend on locally identified priorities.

Each place was also strongly encouraged to consider match funding from the private, public and third sectors and leverage options to maximise fund impact.


Secondary information

Type
Written question
Reference
193394
Session
2022-23
Transferred
Yes
Subjects
Employment Investment Innovation European Regional Development Fund Research
Contains statistics
Yes
Link
View this Written question on www.parliament.uk