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Research: Finance

Question for Department for Business, Energy and Industrial Strategy

UIN 128964, tabled on 14 December 2020

To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to section 5.18 of the Spending Review 2020, published in November 2020, CP330, what his Department's timescale is for announcing the Governments research and innovation priorities for the disbursement of the £450 in 2021-22.

Answered on

22 December 2020

This ambitious £450 million fund will support strategic government priorities, build new science capability and support the whole research and innovation ecosystem. This includes the first £50 million towards an £800 million investment by 2024/25 in high-risk, high-payoff research. Further details of how funding will be allocated will be announced in due course.

Answered by

Department for Business, Energy and Industrial Strategy