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.
Answered by
Department for Business, Energy and Industrial Strategy