Asked by: Chi Onwurah (Labour - Newcastle upon Tyne Central)
Question to the Department for Science, Innovation & Technology:
To ask the Secretary of State for Science, Innovation and Technology, what steps his Department is taking to to help improve the performance of public sector research establishments.
Answered by Andrew Griffith - Minister of State (Department for Science, Innovation and Technology)
Public sector research establishments are diverse organisations that deliver science and research for public good, often playing a vital role in critical infrastructure and public safety. The Government’s response, published in November 2023, to the Independent Review of the UK’s Research, Development and Innovation Organisational Landscape sets out ambitious commitments to support PSREs to maximise their capabilities and performance. Commitments include raising awareness of PSREs, reducing barriers for collaborative working across PSREs and understanding challenges within recruitment and retention for PSREs. This work is underway, and progress will be reported through the Science and Technology Framework implementation plans.
Asked by: Chi Onwurah (Labour - Newcastle upon Tyne Central)
Question to the Department for Science, Innovation & Technology:
To ask the Secretary of State for Science, Innovation and Technology, what steps steps her Department is taking to help incentive overseas investment in research and development businesses based in the UK.
Answered by Andrew Griffith - Minister of State (Department for Science, Innovation and Technology)
The UK is a highly attractive destination for inward investment in R&D with a world-class research and skills base. Foreign direct investors have invested over £2 trillion in the UK, the UK’s FDI stock has more than doubled over the last 10 years showing the confidence multinationals have in the UK as place to do business (ONS).
Through the Science and Technology framework my department is working to improve all aspects of the R&D ecosystem in the UK to support both domestic and international businesses to invest in R&D.
Asked by: Chi Onwurah (Labour - Newcastle upon Tyne Central)
Question to the Department for Science, Innovation & Technology:
To ask the Secretary of State for Science, Innovation and Technology, with reference to the UK Science and Technology Framework, last updated on 9 February 2024, what assessment her Department has made of its progress against the goal of working with industry and philanthropic partners to increase inward investment by Summer Recess 2023.
Answered by Andrew Griffith - Minister of State (Department for Science, Innovation and Technology)
DSIT has made significant strides towards enhancing collaboration with industry and philanthropic partners to bolster investment.
Last year’s successful Global Investment Summit attracted more than £29 billion, including landmark investments in AI, life sciences and quantum. We will continue to build on our collaborative approach to increase philanthropic and private investment, including working with DBT and the Office for Investment, to further our investment ambitions.
We announced £25 million for UK Biobank conditional on philanthropic match-funding within a consortium. So far, we have secured £16 million from philanthropists Eric Schmidt and Ken Griffin, and work is underway to secure further donations.
Asked by: Chi Onwurah (Labour - Newcastle upon Tyne Central)
Question to the Department for Science, Innovation & Technology:
To ask the Secretary of State for Science, Innovation and Technology, with reference to the Higher Education Statistics Authority report entitled Higher Education Provider Data: Business and Community Interaction 2022/23, published on of 4 April 2024, what assessment her Department has made of the reasons for the decline in the number of spinouts from 2021-22 to 2022-23.
Answered by Andrew Griffith - Minister of State (Department for Science, Innovation and Technology)
There were five fewer spinouts owned by Higher Education Providers formed in 2022-23 compared to 2021-22 based on the Business and Community Interaction data. However, this was accompanied by an 8.9% increase in the number of spinouts surviving at least three years. The government is committed to increasing the commercialisation of university research and accepted all the recommendations of the independent review of university spinouts in November 2023.