Science Funding (Universities)

Part of Oral Answers to Questions — Innovation, Universities and Skills – in the House of Commons at 10:30 am on 26 June 2008.

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Photo of Ian Pearson Ian Pearson Minister of State (Science and Innovation), Department for Innovation, Universities and Skills 10:30, 26 June 2008

I am sure that a great deal of importance will be attached to ensuring that businesses are involved in the bids for these new universities. I want to make the basic point that we as a Labour Government will have tripled the science budget by 2010-11—an increase way above the trend rate of growth of the UK economy. The Conservative party policy, as I understand it, is to share the proceeds of growth—