Technology and Innovation Centres: Finance

Department for Business, Energy and Industrial Strategy written question – answered on 4th September 2018.

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Photo of Rebecca Long-Bailey Rebecca Long-Bailey Shadow Secretary of State for Business, Energy and Industrial Strategy, Member, Labour Party National Executive Committee

To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to page 82 of the Industrial Strategy, when he plans to agree long-term funding for the Catapult Network.

Photo of Sam Gyimah Sam Gyimah Minister of State (Business, Energy and Industrial Strategy) (Higher Education), Minister of State (Education)

We announced long-term funding on 10 August, an additional £780 million to expand catapult centres which are fueling innovation across the country as part of the UK’s ambitious Industrial Strategy. This new funding backs Britain’s brightest talent – supporting work in high-tech labs, cutting edge factories and advanced training centres.

This build on £180 million announced by my rt. hon. Friend the Prime Minister for centres in the North East last month, taking the total of funding to almost £1 billion.

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