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<p>This Government recognises the value of science and innovation as a crucial driver
of UK economic success. We protected the science ring-fence over the last Parliament
and are investing £6.9 billion in science capital from this year to 2021, including
£2.9 billion on Grand Challenges at the forefront of global research. A Spending Review
later this year will examine where best to make robust investments in science and
research that bring economic growth.</p><p> </p><p> </p><p> </p><p>We are not able
to provide an assessment of the effectiveness of science investment specific to Yorkshire
but research suggests that the returns on public investment are high and that for
every one pound the government spends on research and development, private sector
productivity rises by twenty pence per year in perpetuity. There is also evidence
that public sector investment leverages in additional private sector investment.</p><p>
</p><p> </p><p> </p><p>This Government is committed to rebalancing the economy of
our country and building a Northern Powerhouse. Science in Yorkshire is benefiting
from a range of initiatives including the recent Engineering and Physical Science
Council’s £24M investment in a Quantum Technology Hub based in York – designed to
exploit an expanding area of technological development. The table below provides breakdown
of investment over the last five years for which we have data.</p><p> </p><p><strong>
</strong></p><p> </p><p> </p><p> </p><table><tbody><tr><td colspan="10"><p><strong>RCUK
Regional and Devolved Administration Spend 2005/06-2013/14 (£k) </strong></p><p><strong>Yorkshire
& Humberside</strong></p></td></tr><tr><td> </td><td><p><strong>2013-14</strong></p></td><td><p><strong>2012-13</strong></p></td><td><p><strong>2011-12</strong></p></td><td><p><strong>2010-11</strong></p></td><td><p><strong>2009-10</strong></p></td><td><p><strong>
</strong></p></td><td><p><strong> </strong></p></td><td><p><strong> </strong></p></td><td><p><strong>
</strong></p></td></tr><tr><td> </td><td><p>151,183</p></td><td><p>137,486</p></td><td><p>139,644</p></td><td><p>135,528</p></td><td><p>142,005</p></td><td>
</td><td><p> </p></td><td><p> </p></td><td><p> </p></td></tr></tbody></table><p> </p><p>
</p><p> </p><p> </p><p> </p>
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