The Government\u2019s 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\u2019s support has included funding through the Bank of England\u2019s Covid Corporate Financing Facility and a partial guarantee by UK Export Finance of a 5-year, £2 billion commercial term-loan facility.<\/p>
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One of the Government\u2019s 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.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4336", "label" : {"_value" : "Biography information for Lord Callanan"} } , "answeringMemberPrinted" : {"_value" : "Lord Callanan"} , "dateOfAnswer" : {"_value" : "2020-11-12", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2020-11-12T17:00:21.75Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "201"} , "answeringDeptShortName" : {"_value" : "Business, Energy and Industrial Strategy"} , "answeringDeptSortName" : {"_value" : "Business, Energy and Industrial Strategy"} , "date" : {"_value" : "2020-10-29", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Rolls Royce: Finance"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "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.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/2569", "label" : {"_value" : "Biography information for Lord Greaves"} } , "tablingMemberPrinted" : [{"_value" : "Lord Greaves"} ], "uin" : "HL9777"} ], "itemsPerPage" : 10, "page" : 0, "startIndex" : 1, "totalResults" : 1, "type" : ["http://purl.org/linked-data/api/vocab#ListEndpoint", "http://purl.org/linked-data/api/vocab#Page"]} }