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Innovate UK: Finance

Department for Business, Energy and Industrial Strategy written question – answered on 18th February 2020.

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Photo of Daniel Zeichner Daniel Zeichner Labour, Cambridge

To ask the Secretary of State for Business, Energy and Industrial Strategy, what proportion of Innovate UK core funding has been awarded to (a) SMEs, (b) large companies and (c) academia in each year since 2010, by sector.

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

The table below includes grants offered to organisations within the three categories requested. This does not provide an industry sector breakdown as this information is not recorded.

10/11

11/12

12/13

13/14

14/15

15/16

16/17

17/18

18/19

19/20

Academic

21%

17%

14%

14%

13%

15%

13%

13%

13%

13%

Large

28%

24%

37%

18%

14%

15%

11%

14%

10%

7%

SME

48%

57%

46%

63%

66%

60%

68%

68%

69%

70%

Totals will not sum to 100% due to organisations outside of these categories. This also excludes funding for the Knowledge Transfer Network, Knowledge Transfer Partnerships, Catapults and other Centres, and grants provided through the Industrial Strategy Challenge Fund, the Newton fund, and through programmes managed by institutes.

The figures for 2019 to 2020 show funding at the time of the question rather than final year-end figures. These are subject to change as the current financial year has not yet concluded.

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