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

To ask the Secretary of State for Business, Energy and Industrial Strategy, what the total amount of new spending is to implement the Industrial Strategy.

The Industrial Strategy sets out a long term approach and its implementation will continue over the course of the parliament. The strategy covers a wide range of government commitments, including:

• committing to raising investment in R&D to 2.4 per cent of GDP by 2027
• announcing £725m in new Industrial Strategy Challenge Fund programmes to drive innovation
• creating a £1.7bn Transforming Cities Fund for projects that drive productivity by improving connections within city regions
• creating a new National Retraining Scheme that supports people to re-skill, beginning with a £64m investment for digital and construction training
• increasing the National Productivity Investment Fund to £31bn, supporting investments in transport, housing and digital infrastructure
• supporting electric vehicles through £400m charging infrastructure and an extra £100m to extend the plug-in car grant
• boosting our digital infrastructure with over £1bn of public investment, including £176m for 5G and £200m for local areas to encourage roll out of full-fibre networks.