To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to Table 2.2 of the Autumn Budget and Spending Review 2021 Red Book, whether funding for (a) the Advanced Research & Invention Agency, (b) Help to Grow, (c) Future Fund: Breakthrough and (d) the National Productivity Investment Fund will come from Core Research, Innovate UK or another expenditure line.
1 November 2021
Table 2.2 of the Autumn Budget and Spending Review 2021 Red Book relates to departmental R&D budgets.
Funding for the Advanced Research & Invention Agency is R&D spend and has its own ringfence, so does not come from either the Core Research or Innovate UK ringfences listed in table 2.2.
Funding for Help to Grow, and the Future Fund: Breakthrough is not R&D spend and they will be funded from the Programme and Financial Transactions Capital budget respectively.