Oral Answers to Questions Debate
Full Debate: Read Full DebateDepartment: Department for Business, Energy and Industrial Strategy
Alan Mak
Main Page: Alan Mak (Conservative - Havant)Department Debates - View all Alan Mak's debates with the Department for Business, Energy and Industrial Strategy
(7 years, 11 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Joseph Johnson
I know that the hon. Gentleman will welcome the Government’s commitment to research and development, which was underscored in the autumn statement with a further £2 billion by the end of this Parliament—perhaps the biggest single increase in R and D expenditure by any Government in the memory of anyone in this Parliament.
Mr Alan Mak (Havant) (Con)
Innovate UK plays a key role in promoting science and technology by giving grants to entrepreneurs. Will the Minister continue to support it as new fourth industrial revolution businesses come forward to seek new funding to develop the next generation of science and technology businesses?
Joseph Johnson
Yes, I am happy to provide that assurance. Innovate UK, our innovation agency, will be at the heart of our industrial strategy, and the autumn statement will provide it with the resources it needs to continue to do its job of supporting small businesses in innovation.