The Government recognises the importance of scale-up finance for breakthrough technology firms. Since launch in 2018, British Patient Capital (BPC) has committed more than £1.6bn into innovative later stage firms, with a further £9.1bn invested alongside it by private investors.<\/p>
<\/p>
Future Fund: Breakthrough, launched by BPC in 2021, is a £375m programme enabling direct co-investment into promising later stage R&D-intensive UK businesses. The programme has made twelve investments totalling over £80m, including six investments into deeptech companies, making BPC the UK\u2019s most active late-stage investor in deeptech in rounds above £30m. BPC recently invested £10m in Cambridge-based manufacturer PragmatIC Semiconductor.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4460", "label" : {"_value" : "Biography information for Ms Nusrat Ghani"} } , "answeringMemberConstituency" : {"_value" : "Wealden"} , "answeringMemberPrinted" : {"_value" : "Ms Nusrat Ghani"} , "dateOfAnswer" : {"_value" : "2023-01-16", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2023-01-16T14:20:17.187Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "201"} , "answeringDeptShortName" : {"_value" : "Business, Energy and Industrial Strategy"} , "answeringDeptSortName" : {"_value" : "Business, Energy and Industrial Strategy"} , "date" : {"_value" : "2023-01-10", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Technology: Investment"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps his Department is taking to encourage more UK-based late-stage investment in (a) semiconductor manufacturing and (b) other deep technology.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4443", "label" : {"_value" : "Biography information for Carol Monaghan"} } , "tablingMemberConstituency" : {"_value" : "Glasgow North West"} , "tablingMemberPrinted" : [{"_value" : "Carol Monaghan"} ], "uin" : "120084"} , {"_about" : "http://data.parliament.uk/resources/1565619", "AnsweringBody" : [{"_value" : "Department for Digital, Culture, Media and Sport"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1565619/answer", "answerText" : {"_value" : "
On behalf of HM Government, DCMS has been reviewing the UK semiconductor sector, and intends to set out more detail in the forthcoming UK Semiconductor Strategy. The Government recognises that the UK\u2019s approach to the semiconductor sector should look to support and build on our existing strengths domestically, and is considering efficient interventions that will encourage investment.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4414", "label" : {"_value" : "Biography information for Paul Scully"} } , "answeringMemberConstituency" : {"_value" : "Sutton and Cheam"} , "answeringMemberPrinted" : {"_value" : "Paul Scully"} , "dateOfAnswer" : {"_value" : "2023-01-16", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2023-01-16T11:25:58.8Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "10"} , "answeringDeptShortName" : {"_value" : "Digital, Culture, Media and Sport"} , "answeringDeptSortName" : {"_value" : "Digital, Culture, Media and Sport"} , "date" : {"_value" : "2023-01-10", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Semiconductors: Investment"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Secretary of State for Digital, Culture, Media and Sport, what assessment her Department has made of the attractiveness of the UK for investment in semiconductor fabrication facilities compared to overseas markets.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4443", "label" : {"_value" : "Biography information for Carol Monaghan"} } , "tablingMemberConstituency" : {"_value" : "Glasgow North West"} , "tablingMemberPrinted" : [{"_value" : "Carol Monaghan"} ], "uin" : "120085"} , {"_about" : "http://data.parliament.uk/resources/1565622", "AnsweringBody" : [{"_value" : "Department for Digital, Culture, Media and Sport"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1565622/answer", "answerText" : {"_value" : "
On behalf of the government, DCMS has been reviewing its approach to the UK\u2019s global semiconductor sector and intends to set out its support for the sector in the forthcoming UK Semiconductor Strategy. This has been developed by engaging with industry experts, representative bodies and the wider global community.<\/p>
The Government recognises that the UK\u2019s approach to the semiconductor sector should look to support and build on our existing strengths domestically, and ensure that our industry can complement the UK\u2019s ambitions as a science and technology superpower. We recognise the UK has strengths in the growing flexible semiconductor industry, and this will form a part of our strategy going forward.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4414", "label" : {"_value" : "Biography information for Paul Scully"} } , "answeringMemberConstituency" : {"_value" : "Sutton and Cheam"} , "answeringMemberPrinted" : {"_value" : "Paul Scully"} , "dateOfAnswer" : {"_value" : "2023-01-16", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2023-01-16T11:29:07.917Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "10"} , "answeringDeptShortName" : {"_value" : "Digital, Culture, Media and Sport"} , "answeringDeptSortName" : {"_value" : "Digital, Culture, Media and Sport"} , "date" : {"_value" : "2023-01-10", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Semiconductors"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Secretary of State for Digital, Culture, Media and Sport, what support her Department plans to provide to develop the UK's flexible semiconductor market; and whether that support will be outlined in the forthcoming semiconductor strategy.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4443", "label" : {"_value" : "Biography information for Carol Monaghan"} } , "tablingMemberConstituency" : {"_value" : "Glasgow North West"} , "tablingMemberPrinted" : [{"_value" : "Carol Monaghan"} ], "uin" : "120086"} ], "itemsPerPage" : 10, "page" : 0, "startIndex" : 1, "totalResults" : 3, "type" : ["http://purl.org/linked-data/api/vocab#ListEndpoint", "http://purl.org/linked-data/api/vocab#Page"]} }