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1600000

registered interest
date	28/02/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Research and Development Expenditure Credit: Small Businesses
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will review changes to the Research and Development Expenditure Credit scheme to help incentivise small and medium sized enterprises to invest in research and development in the UK.
tabling member constituency	Bristol North West
tabling member printed	Darren Jones
uin	155197
answer	answer is ministerial correction date of answer 07/03/2023 answer text <p>As part of the ongoing research and development (R&amp;D) tax reliefs review, the Government is reforming the R&amp;D tax reliefs to ensure taxpayer’s money is spent as effectively as possible, to improve the competitiveness of the Research and Development Expenditure Credit (RDEC) scheme, and as a step towards a simplified, single RDEC-like scheme for all.</p><p> </p><p>Generous spending support will continue: direct funding for R&amp;D will reach £20 billion a year by 2024-2025 as planned. This is a cash increase of around a third compared to 2021-2022, and the largest-ever increase over a Spending Review (SR) period.</p><p> </p><p>The Government also remains committed to the increasing focus on innovation set out at SR 2021 and the £2.6 billion allocation to Innovate UK over the SR period. From 2021-2022 to 2024-2025, this represents a 54 per cent cash increase in Innovate UK’s budgets and 70 per cent of Innovate UK’s grants to businesses go to Small and Medium Enterprises (SMEs).</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 07/03/2023 08:07:24 answering member 4399 label Biography information for Victoria Atkins
tabling member	4621 label Biography information for Darren Jones

1600001

registered interest
date	28/02/2023
answering body	Department for Energy Security and Net Zero
answering dept id	215
answering dept short name	Energy Security and Net Zero
answering dept sort name	Energy Security and Net Zero
hansard heading	Industrial Energy Transformation Fund
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Energy Security and Net Zero, if he will take steps to (a) extend the Industrial Energy Transformation Fund beyond 2027 or (b) provide a replacement to the Industrial Energy Transformation Fund to help support business in their decarbonisation plans and UK industry develop and adopt green technology in the longer term.
tabling member constituency	Bristol North West
tabling member printed	Darren Jones
uin	155198
answer	answer is ministerial correction date of answer 07/03/2023 answer text <p>The Industrial Energy Transformation Fund has supported a broad range of industrial companies of all sizes, both within and outside of industrial clusters since launching in 2020. After six successful application windows, the IETF closed to new applications on 17 February. Further support for industrial decarbonisation is being explored through the Energy Efficiency Taskforce, ensuring industry is supported to achieve Net Zero and Energy Security targets.</p><p> </p> answering member constituency Beverley and Holderness answering member printed Graham Stuart question first answered 07/03/2023 16:06:24 answering member 1482 label Biography information for Graham Stuart
tabling member	4621 label Biography information for Darren Jones