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1138047

	registered interest
	date	10/07/2019
	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: 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 account he has taken of his Department's report entitled What is the relationship between public and private investment in R&D published July 2015 which stated that an extra £1 of public funding would give rise to an increase in private funding of between £1.13 and £1.60 in setting policy on the relationship between public and private investment in R&D.
	tabling member constituency	Newcastle upon Tyne Central
	tabling member printed	Chi Onwurah
	uin	275748
	answer	answer is ministerial correction date of answer 15/07/2019 answer text <p>I refer the hon. Member to the reply I gave her on 9 July 2019 to Question <a href="https://www.parliament.uk/business/publications/written-questions-answers-statements/written-question/Commons/2019-07-04/273388/" target="_blank">273388</a>.</p> answering member constituency Kingswood answering member printed Chris Skidmore question first answered 15/07/2019 13:30:26 answering member 4021 label Biography information for Chris Skidmore
	tabling member	4124 label Biography information for Chi Onwurah

1136880

	registered interest
	date	04/07/2019
	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: 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 account he has taken of his Department's report entitled What is the relationship between public and private investment in science, research and innovation published in July 2015, in determining future funding for science.
	tabling member constituency	Newcastle upon Tyne Central
	tabling member printed	Chi Onwurah
	uin	273388
	answer	answer is ministerial correction date of answer 09/07/2019 answer text <p>The 2015 report by Economic Insight was considered during the 2015 Spending Review, and before more recent announcements related to the National Productivity Investment Fund, together with other evidence and analysis.</p><p> </p><p>The Government has a long term plan for Science, Research and Innovation. As a first step to reaching the 2.4% target, public R&amp;D spending has been raised from around £9.5bn in 2016-17 to around £12.5bn in 2021-22. This is a total increase of £7bn over 5 years, and the biggest increase in public funding of R&amp;D on record.</p><p> </p><p>Public spending in R&amp;D for years beyond current budgets will be considered in the next Spending Review.</p> answering member constituency Kingswood answering member printed Chris Skidmore question first answered 09/07/2019 14:53:08 answering member 4021 label Biography information for Chris Skidmore
	tabling member	4124 label Biography information for Chi Onwurah

1134082

	registered interest
	date	24/06/2019
	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: 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 discussions he has had with (a) Ofcom, (b) Ofwat and (c) Ofgem on incentives for innovation and research and development in their sectors and how that relates to the 2.4 per cent GDP spend on R&D target.
	tabling member constituency	Newcastle upon Tyne Central
	tabling member printed	Chi Onwurah
	uin	268539
	answer	answer is ministerial correction date of answer 27/06/2019 answer text <p>In October 2018 we launched a consultation to build our understanding of whether there are opportunities to further encourage new innovative methods and technologies in the utilities sectors to improve outcomes for consumers. This sought views on the barriers to innovation in the utilities sectors, and how we could improve the regulatory framework to further encourage innovation. We are analysing the responses to this consultation and plan to publish a response in due course.</p><p> </p><p>In June 2019 we announced measures in our White Paper on Regulation for the Fourth Industrial Revolution to support regulators to enable innovation in their sectors, as part of our approach to increasing R&amp;D investment to 2.4% of GDP by 2027. We have invested in projects by both Ofcom and Ofgem to support innovation through the Regulators’ Pioneer Fund.</p> answering member constituency Kingswood answering member printed Chris Skidmore question first answered 27/06/2019 08:10:00 answering member 4021 label Biography information for Chris Skidmore
	tabling member	4124 label Biography information for Chi Onwurah