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1417630

registered interest
date	28/01/2022
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, how much private R&D investment is estimated to be crowded in for each pound of public R&D spend; how that estimate is calculated; and whether that is dependent on (a) geography and (b) sector.
tabling member constituency	Newcastle upon Tyne Central
tabling member printed	Chi Onwurah
uin	113732
answer	answer is ministerial correction date of answer 03/02/2022 answer text <p>BEIS published “<em>The relationship between public and private R&amp;D funding</em>” (BEIS Research Paper Number 2020/010) on 1 July 2020 at <a href="https://www.gov.uk/government/publications/research-and-development-relationship-between-public-and-private-funding(opens%20in%20a%20new%20tab)" target="_blank">https://www.gov.uk/government/publications/research-and-development-relationship-between-public-and-private-funding(opens in a new tab)</a> carried out by Oxford Economics Ltd<br></p><p>They estimated the monetary impact of the long-run leverage rate, suggesting that each £1 of public R&amp;D eventually stimulates between £1.96 and £2.34 of private R&amp;D</p><p>The study drew on OECD data for 41 countries from 1961 to 2017 with varying degrees of completeness.</p> answering member constituency Mid Norfolk answering member printed George Freeman question first answered 03/02/2022 13:48:30 answering member 4020 label Biography information for George Freeman
tabling member	4124 label Biography information for Chi Onwurah

1417520

registered interest
date	27/01/2022
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 (a) the proportion of private sector investment which is outside of the Golden Triangle of Oxford, Cambridge and London and (b) how that has increased or decreased over the last decade.
tabling member constituency	Newcastle upon Tyne Central
tabling member printed	Chi Onwurah
uin	113100
answer	answer is ministerial correction date of answer 03/02/2022 answer text <p>Business expenditure on R&amp;D (BERD) demonstrates the amount of R&amp;D performed by UK businesses, and is the nearest for private sector investment. In 2020, the regions of Greater London, the East of England, and South East of England accounted for 55% of total UK BERD. Since 2010, BERD outside these regions has ranged from 45% - 49%, peaking at 49% in 2016.</p><p> </p><p>The Levelling Up White Paper sets out how we will maximise the contribution of innovation to levelling up. This includes a new goal that domestic public investment in R&amp;D outside the Greater South East will increase by at least one third over the Spending Review period and at least 40 percent by 2030, with that additional government funding seeking to leverage at least twice as much private sector investment over the long term to stimulate innovation and productivity growth.</p><p> </p><p>BEIS has published a R&amp;D spatial data tool (<a href="https://www" target="_blank">https://www</a>.gov.uk/guidance/access-research-and-development-spatial-data) which allows users to access, visualise and compare indicators that show the scale of R&amp;D systems at a subregional level over time. This includes metrics that proxy for private R&amp;D and innovation and can be reviewed for all UK regions.</p> answering member constituency Mid Norfolk answering member printed George Freeman question first answered 03/02/2022 13:54:33 answering member 4020 label Biography information for George Freeman
tabling member	4124 label Biography information for Chi Onwurah

1388799

registered interest
date	16/12/2021
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, with reference to page 72 of the UK Innovation Strategy, published in July 2021, what steps his Department has taken to improve the regional distribution of private R&D investment.
tabling member constituency	Newcastle upon Tyne Central
tabling member printed	Chi Onwurah
uin	94374
answer	answer is ministerial correction date of answer 06/01/2022 answer text <p>The 2021 Spending Review set out the Government’s plan to increase public R&amp;D spending to £22 billion a year by 2026/27 and restates our target for UK economy-wide R&amp;D investment to reach 2.4% of GDP by 2027. Private investment forms around 2/3rd of current activity, so it is only by working with innovative businesses and funders from the private sector that we will reach 2.4%. The Innovation Strategy commits to using levers such as procurement, better regulation and the identification of key technologies as a means to create the conditions for private sector investment in innovation across the country.</p><p> </p><p>We want to encourage businesses to invest in local economies and communities. The Innovation Strategy also outlined our thinking on how to grow innovation clusters, and to ensure that research and innovation benefits the economy and society across the UK through both systemic and targeted measures that respond to the varying needs of places. It announced £127 million in new investment through the Strength In Places Fund. This fund has pioneered bringing together consortia of diverse local actors, including business, to develop the R&amp;D capabilities of places across the UK to improve local economic growth. The Government is investing over £300 million in 12 major projects in nations and regions across the UK, attracting an additional £340 million of investment including from private firms.</p><p> </p><p>The forthcoming Levelling Up White Paper will take a comprehensive place-based approach to economic growth and will set out more detail on how the Government will support levelling up through R&amp;D.</p> answering member constituency Mid Norfolk answering member printed George Freeman question first answered 06/01/2022 16:21:42 answering member 4020 label Biography information for George Freeman
tabling member	4124 label Biography information for Chi Onwurah

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