Research: Finance

(asked on 2nd February 2022) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to page 170 of the Levelling Up White Paper, whether his Department plans to increase research and development spending by 40 per cent in each region outside the Greater South East.


Answered by
George Freeman Portrait
George Freeman
This question was answered on 10th February 2022

The Levelling Up White Paper sets out a cross-Government commitment that domestic public investment in R&D outside the Greater South East will increase by at least 40% by 2030, and over the Spending Review period by at least one third.

We have not set specific targets for each region - the 40% increase refers to regions outside the Greater South East in aggregate. This ensures we are not constraining the ambitions of any one region.

This mission, which refers to R&D expenditure across all Government Departments, will complement more targeted interventions in places with high R&D potential, including the £100m investment Innovation Accelerators supporting three UK city regions to become major, globally competitive centres for research and innovation.

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