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1142476
star this property registered interest false more like this
star this property date less than 2019-07-25more like thismore than 2019-07-25
star this property answering body
Department for Digital, Culture, Media and Sport more like this
unstar this property answering dept id 10 more like this
star this property answering dept short name Digital, Culture, Media and Sport more like this
star this property answering dept sort name Digital, Culture, Media and Sport more like this
star this property hansard heading Digital Technology: Innovation remove filter
unstar this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what steps they are taking to incentivise more innovative digital projects in the UK. more like this
star this property tabling member printed
Viscount Waverley more like this
unstar this property uin HL17550 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-08-02more like thismore than 2019-08-02
star this property answer text <p>The Industrial Strategy set out our commitment to becoming the world’s most innovative economy, ensuring the UK is the best place for researchers and innovators throughout Britain. We are already delivering record increases in public sector R&amp;D investment — an extra £7bn committed by 2021/21 — with a target to reach 2.4% of GDP investment in R&amp;D across the whole economy by 2027.</p><p> </p><p>The government is supporting organisations that promote digital innovation. The Industrial Strategy Challenge Fund is incentivising innovation, including in digital projects, by bringing together world-class UK research with business investment to develop new technologies. The Digital Catapult, an advanced digital technology innovation centre, receives funding to drive the early adoption of digital technologies to make UK businesses more competitive. It provides physical and digital facilities for experimentation and brings small companies, corporates, researchers and investors together through innovation programmes.</p><p> </p><p>We are also helping innovative companies to access funding to expand and develop new projects. This includes the £2.5 billion British Patient Capital programme, delivered through the British Business Bank, which will support innovative UK companies to access the long-term investment they need to grow and expand worldwide.</p><p> </p><p>The Industrial Strategy also supports the development of projects in specific sectors through Sector Deals: long term partnerships between industry and the government. These have included commitments to develop several digital projects to improve productivity in sectors ranging from Rail to Creative Industries to Tourism.</p>
star this property answering member printed Baroness Barran more like this
star this property question first answered
less than 2019-08-02T12:11:54.357Zmore like thismore than 2019-08-02T12:11:54.357Z
unstar this property answering member
4703
star this property label Biography information for Baroness Barran more like this
star this property tabling member
1744
star this property label Biography information for Viscount Waverley more like this