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1140385

registered interest
date	18/07/2019
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Research: Investment
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the effectiveness of (a) the UK and (b) other EU countries in translating public sector investment in R&D into private sector investment in R&D; and if he will make a statement.
tabling member constituency	Newcastle upon Tyne Central
tabling member printed	Chi Onwurah
uin	279005
answer	answer is ministerial correction date of answer 23/07/2019 answer text <p>I refer the hon. Member to the answer I gave her on 22nd July 2019 to Question <a href="https://www.parliament.uk/business/publications/written-questions-answers-statements/written-question/Commons/2019-07-17/278489/" target="_blank">278489</a>.</p> answering member constituency Kingswood answering member printed Chris Skidmore question first answered 23/07/2019 14:39:59 answering member 4021 label Biography information for Chris Skidmore
tabling member	4124 label Biography information for Chi Onwurah

802374

registered interest
date	06/12/2017
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Research: Investment
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he is taking to encourage greater private sector investment in research and development; and if he will make a statement
tabling member constituency	Oxford West and Abingdon
tabling member printed	Layla Moran
uin	118061
answer	answer is ministerial correction date of answer 13/12/2017 answer text <p>We are committed to raising investment in research and development to 2.4% of GDP by 2027 as part of the Industrial Strategy. As a first step, we are increasing public investment in research and development (R&amp;D) from around £9.5bn last year to around £12.5bn in 2021/22 – increasing public R&amp;D spending as a share of GDP each year and making a total increase of £7bn over five years. This will be the biggest ever increase in public funding of R&amp;D. In 2018, we will publish a roadmap that sets out how Government and industry will work together to reach the 2.4% target by 2027.</p><p> </p><p> </p><p> </p> answering member constituency Orpington answering member printed Joseph Johnson question first answered 13/12/2017 16:00:12 answering member 4039 label Biography information for Lord Johnson of Marylebone
tabling member	4656 label Biography information for Layla Moran