Industry: Finance

Department for Business, Energy and Industrial Strategy written question – answered on 23rd May 2018.

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Photo of Marion Fellows Marion Fellows SNP Whip, Shadow SNP Spokesperson (Small Business, Enterprise and Innovation)

To ask the Secretary of State for Business, Energy and Industrial Strategy, how much funding (a) has been invested since the 2017 General Election and (b) is planned to be invested through the Government's Industrial Strategy in (i) Scotland, (ii) England, (iii) Wales, and (iv) Northern Ireland.

Photo of Richard Harrington Richard Harrington Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

More than £6 billion has been committed as part of the launch of the Government’s Industrial Strategy in November, including £725m as part of the Industrial Strategy Challenge Fund’s second wave. The Department does not hold a comprehensive breakdown of figures for each nation.

Our Industrial Strategy is about boosting productivity and earning power throughout the United Kingdom, and the investments that the UK Government are making, and will go on to make, are spread throughout all four nations.

Investments from the Industrial Strategy Challenge Fund include the Faraday Institution in England, the three Robotics and Autonomous Systems hubs in Edinburgh, the Midlands & Wales and the Advanced Therapy Treatment Centre and AppAtic in Belfast.

In future, the new Strength in Places Fund will also support areas throughout the UK to build on their science and innovation strengths.

Investment in digital infrastructure in all four nations also includes full-fibre awards for the Highlands, Manchester, Belfast and Cardiff and support for innovative 5G testbeds in Perthshire, Monmouthshire and Liverpool.

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