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1541803

registered interest
date	14/11/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Research: Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to the UK Research and Development Roadmap, published in July 2020, if he will make an assessment of the potential merits of publishing a plan for funding research and development spending up to 2027.
tabling member constituency	Barnsley Central
tabling member printed	Dan Jarvis
uin	86488
answer	answer is ministerial correction date of answer 17/11/2022 answer text <p>The government publishes plans for funding research and development in multi-year spending reviews. The 2021 Spending Review published plans for the period 2022/23 to 24/25. Future Spending Reviews will cover years beyond that.</p> answering member constituency Salisbury answering member printed John Glen question first answered 17/11/2022 13:56:01 answering member 4051 label Biography information for John Glen
tabling member	4243 label Biography information for Dan Jarvis

1536884

registered interest
date	27/10/2022
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: Finance
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 the revised method of calculating private research and development expenditure, whether his Department will publish a new regional breakdown of (a) public, (b) private and (c) total research and development funding by region to reflect those changes.
tabling member constituency	Newcastle upon Tyne Central
tabling member printed	Chi Onwurah
uin	72988
answer	answer is ministerial correction date of answer 01/11/2022 answer text <p>The Government welcomes the independent Office for National Statistics (ONS)’ ongoing efforts to improve the accuracy of its research and development (R&amp;D) funding data. The ONS will publish new total R&amp;D funding numbers up to 2020, plus private R&amp;D funding up to 2021, on 17<sup>th</sup> November 2022.</p><p> </p><p>The ONS are developing regional R&amp;D statistics to support Government’s Levelling Up agenda. Producing these figures can be challenging, so they are exploring techniques to map where R&amp;D is taking place, rather than where funding has been allocated. The ONS will publish regional public and private R&amp;D funding statistics in early 2023.</p> answering member constituency Mid Norfolk answering member printed George Freeman question first answered 01/11/2022 17:22:55 answering member 4020 label Biography information for George Freeman
tabling member	4124 label Biography information for Chi Onwurah

1536245

registered interest
date	26/10/2022
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: Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, whether he has had recent discussions with the Chancellor of the Exchequer on the Government’s target for investment in research and development to be 2.4 per cent of GDP by the 2026-27 financial year.
tabling member constituency	Strangford
tabling member printed	Jim Shannon
uin	72267
answer	answer is ministerial correction date of answer 11/11/2022 answer text <p>My Rt Hon Friend the Secretary of State has regular discussions with Ministerial colleagues on a number of issues.</p><p>Government remains committed to increasing the UK’s R&amp;D intensity; hitting or exceeding the 2.4% target. Increased public research and development (R&amp;D) spending, alongside other measures put forward in the Innovation Strategy, will contribute to growth in private sector investment in R&amp;D by creating the conditions for all businesses to innovate and giving them the confidence to do so. This will support the Government’s aim of raising economic growth by boosting productivity and thus improving living standards across the country.</p> answering member constituency Mid Norfolk answering member printed George Freeman question first answered 11/11/2022 14:55:14 answering member 4020 label Biography information for George Freeman
tabling member	4131 label Biography information for Jim Shannon

1520626

registered interest
date	11/10/2022
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: Finance
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 potential impact of the fall in the value of the Pound Sterling on (a) current and future UKRI budgets, (b) the capacity of publicly funded research to complete existing research projects and (c) public to private research and development investment ratios.
tabling member constituency	Newcastle upon Tyne Central
tabling member printed	Chi Onwurah
uin	61106
answer	answer is ministerial correction date of answer 18/10/2022 answer text <p>The Government has raised public R&amp;D spending to its highest ever level, reflecting that innovation is vital to future economic growth. The Department maintains close oversight of the funding of the UK R&amp;D landscape, including working with our partner organisations and key R&amp;D-intensive sectors to understand the challenges they face.</p><p> </p><p>Most public Research &amp; Development (R&amp;D) funding is spent domestically, and the impact of currency fluctuations is therefore limited in these areas. However, exchange rate volatility does have a significant impact on certain programmes, including UK contributions to international research infrastructures and organisations. BEIS and its partner organisations have foreign exchange hedging policies in place to manage currency volatility for contractual payments in non-sterling currencies.</p> answering member constituency Wealden answering member printed Ms Nusrat Ghani question first answered 18/10/2022 12:22:36 answering member 4460 label Biography information for Ms Nusrat Ghani previous answer version 23341 answering member constituency Wealden answering member printed Ms Nusrat Ghani answering member 4460 label Biography information for Ms Nusrat Ghani
tabling member	4124 label Biography information for Chi Onwurah

1520753

registered interest
date	11/10/2022
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: Finance
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 recent steps his Department has taken to ensure that increased research and development spending attracts private investment.
tabling member constituency	Newcastle upon Tyne Central
tabling member printed	Chi Onwurah
uin	61117
answer	answer is ministerial correction date of answer 19/10/2022 answer text <p>BEIS received its largest ever Research and Development (R&amp;D) budget at SR21. We have now set out how this funding will be allocated across our partner organisations.</p><p> </p><p>Public sector funding already leverages private sector investment. For example, British Patient Capital, the commercial investment arm of the British Business Bank, has invested over £700 million into venture capital funds (as of June 2022), which has leveraged more than £1.4 billion of private sector investment into UK companies.</p><p> </p><p>However, we want to attract more private sector investment in R&amp;D to continue driving growth. That is why the Innovation Strategy set out the steps Government is taking to create the right conditions for all businesses to invest in innovation.</p> answering member constituency Wealden answering member printed Ms Nusrat Ghani question first answered 19/10/2022 16:06:54 answering member 4460 label Biography information for Ms Nusrat Ghani
tabling member	4124 label Biography information for Chi Onwurah

1520787

registered interest
date	11/10/2022
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: Finance
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 has taken with the Treasury to help increase investment in UK Research and Development to 2.4 per cent GDP by 2026-27.
tabling member constituency	Hendon
tabling member printed	Dr Matthew Offord
uin	61024
answer	answer is ministerial correction date of answer 19/10/2022 answer text <p>The Government remains committed to the 2.4% target. The public research and development (R&amp;D) spending commitments delivered at Spending Review 2021 will contribute to driving increases in private sector investment in R&amp;D. This will support the Government’s aim of raising economic growth by boosting productivity and thus raising living standards across the country.</p><p> </p><p>My Hon. Friend the Economic Secretary to the Treasury has confirmed that Government will abide by SR21 R&amp;D allocations, including for Core Innovation. This will support delivery of the Innovation Strategy’s ambition to boost private sector investment in UK R&amp;D by creating the conditions for all businesses to innovate and giving them the confidence to do so.</p> answering member constituency Wealden answering member printed Ms Nusrat Ghani question first answered 19/10/2022 16:08:37 answering member 4460 label Biography information for Ms Nusrat Ghani
tabling member	4006 label Biography information for Dr Matthew Offord

1520843

registered interest
date	11/10/2022
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: Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, whether he has had recent discussions with the Chancellor of the Exchequer on the Government’s commitment to increasing investment in UK Research and Development to 2.4 per cent of GDP by 2026-27.
tabling member constituency	Rother Valley
tabling member printed	Alexander Stafford
uin	61415
answer	answer is ministerial correction date of answer 19/10/2022 answer text <p>The Government remains committed to the 2.4% target. The public research and development (R&amp;D) spending commitments delivered at Spending Review 2021 will contribute to driving increases in private sector investment in R&amp;D. This will support the Government’s aim of raising economic growth by boosting productivity and thus raising living standards across the country.</p><p> </p><p>My Hon. Friend the Economic Secretary to the Treasury has confirmed that Government will abide by SR21 R&amp;D allocations, including for Core Innovation. This will support delivery of the Innovation Strategy’s ambition to boost private sector investment in UK R&amp;D by creating the conditions for all businesses to innovate and giving them the confidence to do so.</p> answering member constituency Wealden answering member printed Ms Nusrat Ghani question first answered 19/10/2022 16:13:21 answering member 4460 label Biography information for Ms Nusrat Ghani
tabling member	4866 label Biography information for Alexander Stafford

1506288

registered interest
date	08/09/2022
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: Finance
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 his Department is taking to increase research and development spending.
tabling member constituency	Hendon
tabling member printed	Dr Matthew Offord
uin	49616
answer	answer is ministerial correction date of answer 22/09/2022 answer text <p>At the Spending Review 2021 (SR21), the Government committed to its largest ever sustained uplift in research and development (R&amp;D) funding, including the Department for Business, Energy and Industrial Strategy’s (BEIS) largest ever R&amp;D budget.</p><p> </p><p>BEIS, in recent months, has published how our R&amp;D settlement at SR21 will be allocated over the next three years.</p><p> </p><p>Alongside this, increasing private R&amp;D investment will be critical to reaching economy-wide R&amp;D investment of 2.4% of GDP by 2027. In July 2021, we published the Innovation Strategy, which aims to boost private sector R&amp;D investment across the whole of the UK by creating the conditions for all businesses to innovate and giving them the confidence to do so</p> answering member constituency Wealden answering member printed Ms Nusrat Ghani question first answered 22/09/2022 08:22:59 answering member 4460 label Biography information for Ms Nusrat Ghani
tabling member	4006 label Biography information for Dr Matthew Offord

1505576

registered interest
date	06/09/2022
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: Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, whether his Department has made an estimate of the impact of increasing energy prices on (a) private and (b) public research and development spending.
tabling member constituency	Newcastle upon Tyne Central
tabling member printed	Chi Onwurah
uin	48330
answer	answer is ministerial correction date of answer 22/09/2022 answer text <p>The Department recognises that increasing energy prices have the potential to impact public and private research and development (R&amp;D) spending, both directly and indirectly.</p><p> </p><p>The Department is examining these issues, including working with our Partner Organisations and key R&amp;D-intensive sectors to understand the challenges they face and explore ways to protect them.</p><p> </p><p>The Government has raised public R&amp;D spending to its highest ever level, reflecting that innovation is vital to future economic growth and has announced a plan to deal with the increase in energy costs for charities, businesses and public sector organisations.</p> answering member constituency Beverley and Holderness answering member printed Graham Stuart question first answered 22/09/2022 08:04:56 answering member 1482 label Biography information for Graham Stuart
tabling member	4124 label Biography information for Chi Onwurah

1490402

registered interest
date	18/07/2022
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: Finance
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 his Department has spent on knowledge exchange activities; and with which organisations.
tabling member constituency	Newcastle upon Tyne Central
tabling member printed	Chi Onwurah
uin	38664
answer	answer is ministerial correction date of answer 25/07/2022 answer text <p>The Government has committed significant funds to support knowledge exchange between universities and the wider economy and society. Through its constituent research councils and Innovate UK, UK Research Innovation (UKRI) provided £166 million in 2021/22 to support knowledge exchange and commercialisation activity.</p><p> </p><p>In addition to this, Research England’s Higher Education Innovation Funding and Research England Development Fund allocated £277 million to support knowledge exchange in universities in England in the same year. Research England manages the Connecting Capabilities Fund which has allocated £125 million.</p> answering member constituency Loughborough answering member printed Jane Hunt question first answered 25/07/2022 14:06:35 answering member 4839 label Biography information for Jane Hunt
tabling member	4124 label Biography information for Chi Onwurah