Question to the Department for Science, Innovation & Technology:

To ask the Secretary of State for Science, Innovation and Technology, how Innovate UK supports (a) start-ups and (b) scale-ups in meeting the requirements of potential investors.

Innovate UK has several targeted approaches to support innovative SMEs that increase their investment readiness. From 2020-2024, SMEs supported by Innovate UK Business Growth have raised over £9bn in private sector investment. In its current spending review planning, Innovate UK is further prioritising how their overall support is strengthened to provide a smooth innovation journey from start-up to scale-up alongside working in closer partnership with other ecosystem partners such as the Scale-up Institute and British Business Bank.