Innovate UK: Expenditure

Department for Business, Energy and Industrial Strategy written question – answered on 26th July 2022.

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Photo of Chi Onwurah Chi Onwurah Shadow Minister (Business, Energy and Industrial Strategy)

To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 14 July 2022 to Question 33779 Innovate UK: Expenditure, for what reason the total awarded by Innovate UK reduced from £1,491m to £815m between 2020 and 2021; and whether that reduction will be matched by an equivalent increase in 2022 or 2023.

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

The higher grant figure for projects starting in 2020 compared to 2021 was a combination of two large programmes (Strength in Places, and the Cell and Gene Therapy Catapult Manufacturing Innovation Centre) and Innovate UK’s part in responding to the Covid-19 pandemic which saw them launch three major programmes to help the UK business innovation ecosystem navigate the shock of the global pandemic.

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