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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 project collaborators in Innovate UK core funding grants awarded to Higher Education Institutions were (a) SMEs and (b) large companies in each sector in each year since 2010.

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

The table below describes the proportion of Innovate UK projects that have an academic partner with either a large business or SME. As some projects will involve both large businesses and SMEs, the percentages will not add up to 100%. This does not provide an industry sector breakdown as this information is not recorded.

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.

10/11

11/12

12/13

13/14

14/15

15/16

16/17

17/18

18/19

19/20

Proportion Large

46%

45%

63%

50%

47%

47%

36%

34%

22%

29%

Proportion SME

80%

76%

68%

86%

86%

83%

89%

85%

85%

79%

Does this answer the above question?

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No0 people think not

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