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tabling member printed	Lord Greaves
min question first answered	2018-11-20T15:31:59.637Z
title	House of Lords Tabled Parliamentary Question 2019/21 HL9777
min ddp modified	2019-07-24T11:18:05.365Z

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1246969

human indexable

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12/11/2020

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29/10/2020

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29/10/2020

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29/10/2020 20:51:35

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Department for Business, Energy and Industrial Strategy

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Tabled

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201

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Business, Energy and Industrial Strategy

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Business, Energy and Industrial Strategy

ddp modified

29/10/2020 20:55:58
12/11/2020 17:32:06

hansard heading

Rolls Royce: Finance

house id

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HL9777

legislature

25277

	pref label	House of Lords

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question first answered

12/11/2020 17:00:21

question text

To ask Her Majesty's Government what is the total funding they have given to Rolls-Royce this year for their operations in the UK; what is the purpose of any such funding; and what additional funding they have offered.

session

2019/21

session number

tabling member printed

Lord Greaves

title

House of Lords Tabled Parliamentary Question 2019/21 HL9777

type

WrittenParliamentaryQuestion

uin

HL9777

version

written parliamentary question type

Ordinary

answer

answer text

The Government’s financial support for Rolls-Royce is provided via various routes, including support for their exports and research and development (R&D) in areas such as civil aerospace, civil nuclear, and defence. This year, the Government’s support has included funding through the Bank of England’s Covid Corporate Financing Facility and a partial guarantee by UK Export Finance of a 5-year, £2 billion commercial term-loan facility. One of the Government’s key funding streams is through Innovate UK, part of UK Research and Innovation. For the 2019/2020 competition year of the Aerospace Technology Institute programme, Rolls-Royce have had grant offers totalling £63,374,303 to support total project costs of £143,203,408. This money will be paid out across the life of the projects.

question first answered

12/11/2020 17:00:21

answering member

4336

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2569

	label	Biography information for Lord Greaves

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25277

	pref label	House of Lords

tabling member

2569

	label	Biography information for Lord Greaves