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

To ask the Secretary of State for Business, Energy and Industrial Strategy, how much (a) grant aid and (b) other financial support was provided to tech start-ups in the UK in the last five years.

In the last financial year (2015-16) 27% of Innovate UK’s £547m core budget was spent to support business-led innovation in micro organisations. British Business Bank programmes have provided more than 110 tech Start-ups with investment in excess of £245m during the last 5 years.