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

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment the Government has made of the level of private sector investment required to deliver on the objectives of the Industrial Strategy.

The Industrial Strategy White Paper has set out a range of measures aimed at increasing investment from the private and public sector, which will both be vital in meeting the objective of increasing our productivity and earning power for people across the UK. This includes a commitment to increase total R&D investment to 2.4% of GDP by 2027.