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

To ask the Secretary of State for Business, Energy and Industrial Strategy, how much funding the guarantee for the first and second waves of successful UK Horizon applications represents; and what budget heading that funding is under.

The Government remains committed to and has taken unprecedented steps to support association to Horizon Europe. This includes detailing our financial commitments in the Spending Review and, as an exceptional step, setting out a guarantee to eligible, successful UK applicants to Horizon Europe, covering calls where grant agreements are signed by December 2022.This will ensure that important individual and collaborative projects can go ahead as planned.

Funding for the guarantee is demand-driven and will depend on the success rates of UK applicants to the Horizon Europe programme, as well as the duration of time the guarantee is operational.