To ask the Secretary of State for Defence, how much of the £165 million Defence and Cyber Innovation Fund has been allocated to support innovative procurement in defence and security; and to what use that money has been put.
Answered on
12 September 2017
£10 million out of the £155 million is available in this financial year to the Defence Innovation Fund, to support innovative procurement across Defence. The Fund is harnessing the best ideas from inside and outside of Defence through activities such as themed competitions and the Open Call for Innovation, delivered using the Defence and Security Accelerator, available at the following link:
www.gov.uk/government/organisations.defence-and-security-accelerator
The Government also allocated £10 million to establish a Cyber Innovation Fund. This supports the UK's national security requirements by providing innovative start-ups with financial and procurement support.