Innovation: Public Expenditure

(asked on 9th January 2023) - View Source

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

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether his Department has taken recent steps to (a) support and (b) increase horizontal innovation between publicly funded organisations and institutions.


Answered by
George Freeman Portrait
George Freeman
This question was answered on 17th January 2023

The new Government Office for Technology Transfer, located within BEIS, has been working with number of public sector bodies to unlock the potential of public sector knowledge assets that will deliver value to the UK economy and society.

The Government’s commitment to increasing public expenditure on R&D to £20 billion per annum by 2024/2025 will help to build on the vibrant mix of publicly funded institutions which work closely together to drive innovation.

Reticulating Splines