Written question asked by Blake Stephenson (Conservative) on Tuesday, 13 May 2025, in the House of Commons. It was due for an answer on Thursday, 15 May 2025. It was answered by Feryal Clark (Labour) on Wednesday, 21 May 2025 on behalf of the Department for Science, Innovation and Technology.
Science and Technology: Investment
- Question
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To ask the Secretary of State for Science, Innovation and Technology, what steps his Department is taking to help encourage investment into science and technology companies that are based outside of (a) Oxford, (b) Cambridge and (c) London.
- Answer
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Increasing investment into science and technology firms across the UK will be critical to delivering growth.
In 2023-24, UKRI invested £4,614 million outside the Greater Southeast; over half its total investment. Specific programme supporting regional innovation include; £80 million for twelve Innovate UK Launchpads, £130 million for Innovation Accelerators in three pilot city-regions, and £316 million for twelve Strength in Places Fund programmes.
These are complemented by the British Business Bank’s programmes, including £660 million in northern England through its Nations and Regions Investment Funds.
As part of the Spending Review process, DSIT is working with regions across the UK to develop a new approach to growing high-potential clusters in all regions of the UK.
Secondary information
- Type
- Written question
- Reference
- 52049
- Session
- 2024-26
- Subjects
- Investment Technology Science
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2025-09-05 22:40:46 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-25/52049
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