To ask Her Majesty's Government what has been the total amount of funding disbursed via (1) the Newton Fund, (2) the Ross Fund, and (3) Product Development Partnerships, in each of the last three years; and what such funding has been allocated for the next three years.
24 May 2021
The Newton Fund budget in each of the last three years was: £115m (2018/19), £125m (2019/20) and £106m (2020/21).
Spend on Ross Fund portfolio related activities over the last two years was: £101.4m (2018/19); £107.3m (2019/20).
Spend on Product Development Partnerships over the last two years was: £91m (2018/19); £95.9m (2019/20).
We do not yet have final audited spend figures for the Ross Fund or Product Development Partnerships for financial year 2020/21.
Budgets have not yet been allocated to these portfolios for future years.