Question to the Department for Science, Innovation & Technology:
To ask the Secretary of State for Science, Innovation and Technology, whether she plans to increase the number of science parks in the UK.
The government is ensuring that everyone benefits from innovation-led economic growth by supporting clusters of R&D excellence across the UK. As these clusters grow our ambition is that investment into science parks increases in all regions of the UK.
We are investing up to £500 million in the Local Innovation Partnerships Fund, for local leaders to grow their high-potential innovation clusters and create jobs. The Local Innovation Partnerships Fund empowers local leaders to target R&D investment to the needs of their areas, including investing in R&D facilities to build regional innovation capability.
A new Mayoral Revolving Growth Fund will give six Mayoral Strategic Authorities in the North and Midlands a devolved pot of funding to address access‑to‑finance barriers, including for the development of commercial scientific infrastructure. Decisions on projects, including support for laboratory space, will rest with the respective authorities. Developers are also able to engage with the National Wealth Fund on potential financing for life science laboratory space.