Question to the Department for Business, Innovation, Science and Trade:
To ask the Secretary of State for Business, Innovation, Science and Trade, what assessment he has made of the potential merits of the role played by [i] Leicestershire and [ii] East Midlands in the fostering of scientific expertise and knowledge to [a] advance the UK's reputation for scientific research and [b] contribute to regional economic growth.
Innovation is central to delivering good growth in every part of the UK. UK Research and Innovation (UKRI) invested £596 million in the East Midlands in 2023/24, including £172 million in Leicestershire, Rutland & Northamptonshire.
Up to £20 million has been allocated to the East Midlands through the Local Innovation Partnerships Fund, supporting manufacturers to scale up clean energy and advanced production technologies.
Government is also backing Midlands Mindforge, the investment company dedicated to supporting university spin-outs in the Midlands, helping unlock an initial £30 million of capital.