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Global Britain Investment Fund

Question for Department for Business, Energy and Industrial Strategy

UIN 64605, tabled on 27 October 2021

To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to Autumn Budget and Spending Review 2021, para 4.74, whether the £1.4 billion announced for the Global Britain Investment Fund is from the (a) core research, (b) Innovation UK or (c) other Capital DEL funding stream.

Answered on

4 November 2021

The Global Britain Investment Fund will be funded from a variety of sources, but funding will not come from either the Core Research or Innovate UK ringfences.